Bitfarms reaches agreement with Riot, Freedman appointed to board [Yahoo! Finance Canada]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance Canada
Freedman, a former investment banker who has helped companies with corporate governance matters, will replace Andrés Finkielsztain on the Bitfarms board, and was one of three nominees pushed by Riot. The two companies have been locked in a dispute since April, when Riot made an unsolicited $950 million offer to acquire the Canada-based company. Bitfarms said the bid undervalued it and adopted a poison pill to fend off any attempts at a hostile takeover. Riot has accused Bitfarms of lacking solid corporate governance. It currently owns a roughly 19.9% stake in Bitfarms. Bitfarms also said on Monday it had provided Riot with certain rights to purchase shares of the company, provided Riot holds a stake of 15% or more. (Reporting by Manya Saini in Bengaluru; Editing by Anil D'Silva and Devika Syamnath)
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BITF
News
- Crypto Miner Truce Leaves Open the Possibility of Riot Taking Over Bitfarms [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Bitfarms Ltd. (NASDAQ: BITF) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.MarketBeat
- Bitfarms reaches agreement with Riot, Freedman appointed to board [Yahoo! Finance]Yahoo! Finance
- Bitfarms agrees to board changes in settlement with Riot Platforms [Seeking Alpha]Seeking Alpha
- Bitfarms and Riot Announce Settlement [Financial Post (Toronto, Ontario, Canada)]Financial Post
BITF
Sec Filings
- 9/24/24 - Form 144
- 9/23/24 - Form 6-K
- 9/23/24 - Form 6-K
- BITF's page on the SEC website