đ Stay Ahead with AltcoinDaily.co! đ Bitcoin mining company Bitfarms has postponed its upcoming shareholdersâ meeting following a push from its largest shareholder, Riot Platforms, for changes in its leadership. Initially scheduled for October, the âspecial meetingâ will now take place on November 6, allowing the company and its shareholders more time to evaluate Riotâs…
Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any…
Riot Platforms Inc., the largest shareholder of bitcoin mining firm Bitfarms Ltd. with a 19.9% stake, issued an open letter calling for significant changes to Bitfarms’ governance ahead of the Oct. 29 special meeting. Riot criticized recent board changes as insufficient, emphasizing the need for independent directors to enhance shareholder value. The letter highlights concerns…
Riot Platforms has intensified its efforts to acquire rival Bitcoin miner Bitfarms by issuing an open letter to the firmâs shareholders on Sept. 3. In the letter, Riot announced that it had lowered its request for board seats at Bitfarms to two independent directors following recent removals while also criticizing several of the companyâs recent decisions….
Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarmsâ first mega-site in the U.S. with access to up to 120 MW,” the company said. Located in the Pennsylvania-New Jersey-Maryland (PJM) grid, the site offers low-cost, flexible power ideal…
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarmsâ energy portfolio in the U.S. and integrate power generation capabilities…
đ Stay Ahead with AltcoinDaily.co! đ Bitcoin mining company Bitfarms and its competitor Stronghold Digital Mining have finalized a merger agreement recently. Bitfarms announced its agreement to purchase Stronghold Digitals in a stock-for-stock merger deal. This type of deal enables companies to merge without requiring significant cash outlays. Also, shareholders of both companies receive shares…
Bitcoin miner Bitfarms said it has entered into a merger agreement to acquire Stronghold Digital Mining for $125 million in equity value, alongside $50 million in assumed debt. In a joint Aug. 21 statement, both companies revealed that their Boards of Directors unanimously approved the transaction. The dealâsubject to regulatory approval and other conditionsâis expected…