Bitfarms responds to Riot Platforms proposed board changes

Riot Platforms called the recent board changes at Bitfarms a step in the right direction, but stressed that more change is needed.

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Riot Platforms targets remaining 2 Bitfarms board members replacement

Riot Platforms has intensified its efforts to acquire rival Bitcoin miner Bitfarms by issuing an open letter to the firm’s shareholders on Sept. 3. In the letter, Riot announced that it had lowered its request for board seats at Bitfarms to two independent directors following recent removals while also criticizing several of the company’s recent decisions. […]

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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 a special meeting in October.

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Crypto Biz: Bitfarms gets new board after months of power struggles

Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. 

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Bitfarms and Riot Platforms Reach Settlement Agreement

Bitfarms Ltd. and Riot Platforms Inc. announce a settlement agreement ahead of the Special Meeting of Bitfarms Shareholders, with significant changes to the Board of Directors. (Read More)

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Riot Platforms Announces Settlement Agreement with Bitfarms, Board Changes Enacted

Riot Platforms and Bitfarms Ltd. reach a settlement agreement, resulting in board changes and withdrawal of a shareholder meeting requisition. (Read More)

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Bitfarms, Riot settle dispute with board changes

Bitfarms board will see Andrés Finkielsztain step down, while Amy Freedman and a sixth member will join the board.

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Riot Platforms Reports 370 Bitcoin Production in July 2024 and Kentucky Expansion

Riot Platforms announces a 45% increase in Bitcoin production and its expansion into Kentucky, enhancing its mining capacity. (Read More)

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Aprils Bitcoin Halving Drives Riot Platforms Widened Q2 Losses

Riot Platforms recently acquired another Block Mining.

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Riot Platforms Acquires 16.9% Stake in Bitfarms Ltd.

Riot Platforms, Inc. reports a significant stake increase to 16.9% in Bitfarms Ltd., aiming to influence the company's board composition. (Read More)

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Bitfarms to acquire Stronghold Digital Mining in $175M merger

Bitcoin miner Bitfarms said it has entered into a merger agreement to acquire Stronghold Digital Mining for $125 million in equity value, alongside $50 million in assumed debt. In a joint Aug. 21 statement, both companies revealed that their Boards of Directors unanimously approved the transaction. The dealsubject to regulatory approval and other conditionsis expected […]

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Riot Platforms Increases Stake in Bitfarms to 18.9%

Riot Platforms, Inc. has announced an increase in its ownership of Bitfarms Ltd., now holding 18.9% of the company's common shares. (Read More)

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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.

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Board changes at Bitfarms amid revenue drop and Riots hostile takeover efforts

Bitfarms co-founder and chairman Nicolas Bonta is stepping down from the board immediately amid the ongoing fight against Riot Platforms‘ hostile takeover bid, according to an Aug. 13 statement. Bonta is one of three board members Riot aims to replace in the upcoming October shareholder vote. Leadership change In response to Bonta’s departure, Brian Howlett, […]

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Riot Platforms Reports Q2 2024 Financials with $70M Revenue and 22 EH/s Hash Rate

Riot Platforms announced Q2 2024 results with $70M in revenue and a hash rate of 22 EH/s, despite the Bitcoin halving event. (Read More)

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Bitfarms boosts production by 33%, increases Bitcoin holdings above 1,000 BTC

Bitfarms said its Bitcoin production and holdings increased last month despite the rising mining difficulty, according to an Aug. 31 statement. The crypto miner revealed a 33.8% rise in Bitcoin production for July, attributed to a higher hashrate. Bitfarms mined 254 BTC in July, up from 189 BTC in the previous month. The firm also […]

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Riot Platforms Unveils Campaign Website Targeting Bitfarms Board Overhaul

Riot Platforms has launched a new website, www.ABetterBitfarms.com, as part of its efforts to reconstitute the Bitfarms Board of Directors. (Read More)

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Bitfarms appoints new CEO as Riot intensifies takeover bid

Bitcoin miner Riot Platforms’ effort to take over rival Bitfarms has taken a new turn with recent developments in both companies. Dedicated website On July 8, Riot launched a dedicated website, “ABetterBitfarms,” to educate Bitfarms shareholders on why the rival firm’s board should be reconstituted. CryptoSlate’s visit to the new website was greeted by a […]

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Riot Platforms (RIOT) Reports June 2024 Bitcoin Production and Hash Rate Achievements

Riot Platforms (RIOT) exceeds Q2 2024 target with 22.0 EH/s hash rate, producing 255 BTC in June 2024. CEO highlights significant milestones. (Read More)

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Riot Platforms Acquires Block Mining for $92.5M, Expands Hash Rate and Market Reach

The deal boosts Riot's hash rate by 1 EH/s right away, while expanding into Kentucky.

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