Bitfarms expands into Pennsylvania amid Riot’s growing stake
Bitfarms announces U.S. expansion in Pennsylvania, while Riot Platforms increases its ownership stake in the company to 14%. Go to Source
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Bitfarms pushes back against Riot’s $950M takeover attempt
Riot’s $950 million buyout offer is met with resistance as Bitfarms’ stakeholders and special committee deem it undervalued and not in shareholders’ best interests. Go to Source
Bitcoin miners rise 10% after Trump promises to back US miners
The biggest winners on June 12 were TeraWulf, Hut 8 Mining and Core Scientific. Go to Source
Trump hosts Bitcoin mining executives at Florida residence
Executives from the U.S. Bitcoin mining industry pitched the presidential candidate on how they could strengthen the electrical grid and create new jobs. Go to Source
Bitfarms adopts shareholder rights plan as Riot attempts takeover
The plan, which passed after Bitfarms’ shareholder meeting, will complicate Riot’s effort but not necessarily stop it from succeeding. Go to Source
Bitfarms Adopts Defensive Measures Against Riot Platforms’ Takeover
Bitfarms Ltd. has adopted a shareholder rights plan to protect the integrity of its ongoing Strategic Alternatives Review Process. This plan was unanimously approved by the Board and involves issuing rights to shareholders to prevent unwanted takeovers. Riot Platforms Inc., which owns 11.62% of Bitfarms, made an unsolicited bid to acquire all shares and plans … Read more
Riot Platforms bounces after damning report claiming collapse
Riot shares recovered from more than a 9% dip in the first hour of trading following a damning report from short seller Kerrisdale Capital. Go to Source
Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility
To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas. Go to Source
Halving full effect: Bitfarms crypto mining revenue falls 42% in May
The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production. Go to Source
Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’
Riot Platforms has announced a proposal to acquire Bitfarms to create “the world’s largest publicly listed bitcoin miner.” This offer includes cash and Riot stock, representing a 24% premium. Despite the initial rejection from Bitfarms’ Board, the proposal will be directly presented to shareholders. Riot asserts that the acquisition will establish a vertically integrated, geographically … Read more
