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Riot Platforms withdraws offer for rival Bitfarms, seeks three board seats

By Yahoo! Finance   |   Jun 24, 2024 at 09:28 AM EST
Riot Platforms withdraws offer for rival Bitfarms, seeks three board seats

Bitcoin miner Riot Platforms withdraws its offer to acquire Bitfarms and nominates three directors to its board. Bitfarms rejected the offer, citing undervaluation, and implemented a poison pill plan to prevent a hostile takeover.

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