Acquiring Company
Riot
Acquired Company
Bitfarms
New York
TorontoInformation TechnologyEnergyAnalyticsRenewables & EnvironmentDescription
Analysts from H.C. Wainright claim that Riot's acquisition of Bitfarms will face rejection due to Bitfarm's board disapproval and insufficient premiums. This non-binding proposal did not receive high probability of success due to the proposed premium not being high enough to attract shareholder approval.
Other recent acquisitions in Energy and Analytics
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Riot Platforms withdraws acquisition proposal for Bitfarms amid appointment of new CEO (July 8, 2024)
- Riot Platforms requisitions special meeting of Bitfarms, withdraws $950m acquisition proposal, $950M (June 24, 2024)
- Riot Platforms Acquires 14% Stake in Bitfarms Ltd. to Influence Corporate Governance (June 14, 2024)
- Riot Platforms acquires 12% stake in Bitfarms despite Kerrisdale Capital's shorting pressure (June 6, 2024)
- Riot Blockchain, Inc. acquires 12% stake in Bitfarms Ltd. (June 6, 2024)
- Bitfarms rejects Riot Platform’s unsolicited acquisition proposal (May 29, 2024)
Who to call at Riot, and when
When Riot changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Riot raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Riot, from your own LinkedIn network
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Fundz sees it the moment Riot makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Frequently asked
Who acquired Bitfarms?
Bitfarms was acquired by Riot, based in New York. The deal was reported on May 29, 2024. The company today announced it has raised $12 million as part of a Series A funding round led by venture capital fund Base10. Riot is privately held.
When did Riot acquire Bitfarms?
Riot's acquisition of Bitfarms was reported on May 29, 2024. Analysts from H.C. Wainright claim that Riot's acquisition of Bitfarms will face rejection due to Bitfarm's board disapproval and insufficient premiums. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bitfarms do?
Bitfarms is the company acquired in this transaction. It is privately held, operating in Information Technology, and is based in Toronto.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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