News with the tag "hostile takeover"

Riot Platforms continues navigating its complex relationship with Bitfarms while expanding its operations.

Despite initially planning to buy all Bitfarms’ shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bitfarms’ current board was difficult.

Riot's $950 million buyout offer is met with resistance as Bitfarms’ stakeholders and special committee deem it undervalued and not in shareholders’ best interests.