Riot Platforms requisitions special meeting of Bitfarms, withdraws $950m acquisition proposal
Acquiring Company
Riot Platforms
Acquired Company
Bitfarms
Castle Rock
TorontoOtherInformation TechnologyInformation TechnologyEnergyAnalyticsRenewables & EnvironmentDescription
Riot Platforms, a U.S.-based Bitcoin mining company, has called for a special meeting of Bitfarms shareholders to reconstitute its board and has withdrawn its previous $950 million acquisition proposal. This comes after Riot's ongoing efforts to engage with Bitfarms regarding a potential merger, which is no longer possible according to Riot.
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Frequently asked
Who acquired Bitfarms?
Bitfarms was acquired by Riot Platforms, based in Castle Rock. The deal was reported on June 24, 2024. Riot Platforms is publicly traded (RIOT) and operates in Other.
When did Riot Platforms acquire Bitfarms?
Riot Platforms's acquisition of Bitfarms was reported on June 24, 2024. Riot Platforms, a U.S.-based Bitcoin mining company, has called for a special meeting of Bitfarms shareholders to reconstitute its board and has withdrawn its previous $950 million acquisition proposal. 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.
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