Riot Platforms urges Bitfarms board changes ahead of crucial October meeting
Riot Platforms urges further changes to Bitfarms’ board, proposing two independent directors ahead of the Special Meeting. Go to Source
Riot Platforms
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Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. … Read more
Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms
Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment of CEO Ben Gagnon to the board and the resignation of co-founder and chairman Nicolas Bonta. Bitfarms Restructures … Read more
Riot Platforms boosts Bitfarms stake with $2.28M share acquisition
Riot Platforms continues navigating its complex relationship with Bitfarms while expanding its operations. Go to Source
Ex-Bitfarms interim CEO steps down amid board shakeup
Bitfarms announced a new member and leadership to its board as Riot Platforms’ still appeared poised to replace three members in October. Go to Source
Marathon Digital shares plunge 8% after Q2 revenue miss estimates
Marathon Digital has missed consensus estimates for the second quarter in a row, though its year-on-year performance has risen by 78%. Go to Source
Bitcoin miner Riot Platforms miss estimates with wider Q2 loss
Riot managed to increase its revenue from Bitcoin mining despite reporting a staggering 340% increase in costs to mine a Bitcoin. Go to Source
Riot Platform buys Kentucky-based Block Mining for $93M
Riot says the deal will immediately add one exahash per second to its self-mining hashrate and expands its footprint in the United States. Go to Source
Riot Platforms’ Bid Spurs Special Shareholders Meeting at Bitfarms
Bitfarms Ltd. has scheduled a special shareholders meeting for Oct. 29, 2024, in response to a requisition from Riot Platforms, Inc. The announcement on Friday claims Riot aims to disrupt Bitfarms’ ongoing strategic review process and acquire the company. The special committee of independent directors, after extensive deliberation and advice from financial and legal advisors, … Read more
Riot Platforms Proposes Comprehensive Plan to Improve Bitfarms
Riot Platforms Inc. (Nasdaq: RIOT) has proposed a comprehensive plan to improve Bitfarms Ltd. (Nasdaq: BITF) and has launched a website to detail this strategy. As part of its efforts to acquire Bitfarms, Riot has called for a special shareholders’ meeting to nominate three new directors: John Delaney, Amy Freedman, and Ralph Goehring, who bring … Read more
