This development comes in the lead-up to Bitfarms’ Special Meeting of Shareholders.
The parties have characterized the modifications to Bitfarms’ Board structure.
Bitfarms and Bitcoin miner Riot Platforms Inc. have settled their months-long dispute over Riot’s intended takeover attempt. This development comes in the lead-up to Bitfarms’ Special Meeting of Shareholders on November 6th. Both firms’ stock prices are out of the red zone and are expected to surge.
Riot Platforms Inc. and Bitfarms announced a settlement in a press statement dated September 23, just before the special shareholders meeting of the former was scheduled for November.
Mutual Settlement to Takeover Attempt
The goal of this deal is to pave the way for Riot Platforms’ long-stretching takeover attempt. The parties have characterized the modifications to Bitfarms’ Board structure included in the agreement as a major move towards the future.
The news announcement states that the company’s
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