Riot Issues Open Letter to Fellow Bitfarms (BITF) Shareholders Ahead of Upcoming Special Meeting

Jun 13, 2024

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Key Summary: On June 12, 2024, Riot Platforms criticized Bitfarms' 15% Poison Pill as poor governance and called for Chairman Nicolas Bonta's resignation. Riot also nominated three board candidates on June 24. On August 14, 2024, Riot raised its stake to 18.9% and requisitioned a special meeting to remove three directors.

Market Cap: $872 million | Bitfa…

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Snowball Research

Riot Issues Open Letter to Fellow Bitfarms (BITF) Shareholders Ahead of Upcoming Special Meeting

This post is for paid subscribers