Bitcoin Miner Bitfarms Names New CEO as Riot Takeover Attempt Heats Up

By Yahoo! Finance | Jul 8, 2024 at 05:27 PM EST

Bitfarms Ltd. appoints Ben Gagnon as CEO amid pressure from Riot Platforms Inc. over corporate governance issues. Riot's acquisition attempts have been met with resistance, leading to a potential board shakeup. Bitcoin mining industry faces challenges with declining profits and increased competition.

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