Bitfarms reaches agreement with Riot, Freedman appointed to board [Yahoo! Finance]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
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) Recommended Stories
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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 Canada]Yahoo! Finance Canada
- 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