Riot Proposes to Acquire Bitfarms for US$2.30 Per Share to Create the World’s Largest Publicly Listed Bitcoin Miner
Riot Platforms, Inc. (RIOT)
Last riot platforms, inc. earnings: 8/8 04:30 pm
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US:NASDAQ Investor Relations:
ir.riotblockchain.com
Company Research
Source: Business Wire
Proposal Would Deliver Shareholders Substantial Value, Reflecting a 24% Premium to Bitfarms’ One-Month Volume Weighted Average PriceCombination Would Enhance Bitfarms’ Financial Profile, Enabling Investments in Future Growth and Providing a Compelling Opportunity to Participate in Significant Upside of the Combined CompanyRiot Has Acquired a 9.25% Stake to Become Bitfarms’ Largest Shareholder; Intends to Requisition a Special Meeting of Bitfarms’ Shareholders to Add New Independent Directors to Bitfarms’ Board CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or the “Company”) today announced that it has made a proposal to the Bitfarms Board of Directors (the “Bitfarms Board”) to acquire all of the outstanding shares of Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms”) at a price of US$2.30 per Bitfarms common share (the “Proposal”). Riot also announced that it has accumulated a 9.25% stake in Bitfarms to become Bitfarms’ largest shareholder.The Proposal
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RIOT
News
- Riot Requisitions Special Meeting of Bitfarms Shareholders and Nominates Three Highly Qualified, Independent Directors to Bring Urgently Needed Change to Bitfarms BoardBusiness Wire
- Is Riot Blockchain a No-Brainer Buy After the Bitcoin Halving? [Yahoo! Finance]Yahoo! Finance
- Riot Platforms, Inc. Reports Beneficial Ownership of 14% in Bitfarms Ltd.Business Wire
- Riot Comments on Bitfarms’ Adoption of Shareholder-Unfriendly Poison PillBusiness Wire
- Kerrisdale Capital Hits Riot Platforms With Short Sell Report: Details [Yahoo! Finance]Yahoo! Finance
RIOT
Earnings
- 5/1/24 - Beat
RIOT
Sec Filings
- 6/24/24 - Form 8-K
- 6/18/24 - Form 8-K
- 6/13/24 - Form 8-K
- RIOT's page on the SEC website