Riot Platforms boosts stake in Bitfarms to 14%
Bitfarms Ltd (NASDAQ: BITF) is gaining this morning after Riot Platforms Inc (NASDAQ: RIOT) increased its stake in the Bitcoin miner to about $14%. Riot now owns over 59 million Bitfarms shares Riot Platforms loaded up on 1.43 million shares of Bitfarms on Thursday.
Riot Platforms Doubles Down on Bitfarms (BITF) Stock With 14% Stake
Bitcoin ( BTC-USD ) miner Riot Platforms (NASDAQ: RIOT ) is continuing its effort against rival Bitfarms (NASDAQ: BITF ), buying more stock and seeking a shareholder meeting to nominate its own directors. Bitfarms, based in Toronto, has rejected Riot's $950 million takeover bid and is expanding its U.S. operations into Pennsylvania.
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Bitfarms to adopt 'poison pill' amid Riot takeover attempt
Bitcoin miner Bitfarms said on Monday it had approved the adoption of a "poison pill" to fend off a potential hostile takeover attempt by rival Riot Platforms.
Riot Platforms acquires 12% stake in rival Bitfarms
Bitcoin miner Riot Platforms said on Wednesday it has acquired ownership of 12% stake in rival Bitfarms Ltd..
Bitfarms says Riot Platforms buyout offer is too low as it weighs potential sale
Bitfarms Ltd. on Wednesday said it rejected a buyout offer from larger rival Riot Platforms Inc. because it “significantly” undervalues the company, but it's weighing other bids from prospective buyers.
Riot Platforms Is Betting Big on Bitfarms (BITF) Stock
Riot Platforms (NASDAQ: RIOT ) recently said that it has a more than 9% stake in rival Bitcoin ( BTC-USD ) miner Bitfarms (NASDAQ: BITF ) and wants to buy the firm. The miner has made a $950 million offer to buy Bitfarms after a private approach was rejected.
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Riot launches hostile takeover bid for bitcoin mining rival Bitfarms
As far back as the two-trillion cryptocurrency collapse of 2022, pundits have predicted a large-scale consolidation within the bitcoin mining sector. Those predictions may finally be coming to fruition after Riot Platforms, one of the most highly valued bitcoin miners globally, made public a $2.30 per share offer for smaller rival Bitfarms (TSX-V:BITF).
Bitfarms stock rallies as rival Riot Platforms discloses rejected merger deal
Bitfarms Ltd'.s stock jumped 11% in premarket trading on Tuesday after its larger rival Riot Platforms Inc. said it had approached the company about a $950 million buyout offer but was rejected.
Bitfarms Ltd. (BITF) Q1 2024 Earnings Call Transcript
Bitfarms Ltd. (NASDAQ:BITF ) Q1 2024 Earnings Conference Call May 15, 2024 8:00 AM ET Company Participants Tracy Krumme - Senior Vice President, Investor Relations Nico Bonta - Interim Chief Executive Officer Ben Gagnon - Chief Mining Officer Jeff Lucas - Chief Financial Officer Conference Call Participants Lucas Pipes - B.
