In a statement released yesterday, Bitcoin mining company Riot Platforms revealed that they have increased their holdings in Bitfarms by 1.43 million shares, representing approximately 14% of the latter’s shares, approaching the 15% trigger threshold for Bitfarms’ anti-takeover measures. Just a few days ago, Riot also criticized Bitfarms for not communicating with them, indicating serious internal governance issues.
Mining Merger Saga Continues Riot Strikes Back at Bitfarms Increasing Stake to 14 No Communication Between Both Parties