Riot acquired 1 million common shares of Bitfarms on Tuesday, representing about 0.22% of issued and outstanding Bitfarms common stock. The acquisition...
- Bitcoin miner Riot Platforms said on Tuesday it had increased its stake in rival Bitfarms to 18.9%.
The two companies have been locked in a dispute since April, when Riot made an unsolicited $950-million offer to acquire Canada-based Bitfarms.Bitfarms said the bid undervalued it significantly and adopted a "poison pill" to fend off any attempt at a hostile takeover. A poison pill refers to shareholder rights plans used by corporate boards to thwart hostile takeover bids.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Riot Platforms’ Bitcoin production drops 52%, reports $84.4M lossRiot Platforms, one of the leading NASDAQ-listed Bitcoin miner, reported a significant $84.4 million net loss in its latest quarter.
Read more »
Bitcoin miner Bitfarms chair Bonta to step downBitcoin miner Bitfarms said on Tuesday its co-founder and chair, Nicolas Bonta, will step down from the board, effective immediately. Bonta was at the center...
Read more »
DeFi on Bitcoin? Here’s what devs are doing these daysUnlike other DeFi platforms that utilize sidechain tokens for transactions, OP_Net will require Bitcoin itself to...
Read more »
– Canada’s tribunal strikes down Bitfarms’ ‘poison pill’ strategyA Riot Platforms-led takeover grew more and more imminent after a Canadian tribunal's latest ruling over Bitfarms' strategy to...
Read more »
U.S.-listed crypto stocks jump after Donald Trump’s pro-bitcoin speechCrypto exchange Coinbase’s shares climbed 3.7%, while miners Bitfarms, Riot Platforms and CleanSpark were up between 3.4% and 4.5%
Read more »
Kraken begins Bitcoin (BTC) & Bitcoin Cash (BCH) distribution to Mt Gox creditorsIn a much awaited move, Kraken - a leading crypto exchange - has reportedly started distributing Bitcoin (BTC) and Bitcoin Cash...
Read more »