Riot Platforms' disputed acquisition proposal met with resistance from Bitfarms
Acquiring Company
Riot Platforms
Acquired Company
Bitfarms
Castle Rock
TorontoOtherInformation TechnologyInformation TechnologyEnergyAnalyticsRenewables & EnvironmentDescription
Bitfarms has issued a statement addressing the disputed acquisition proposal by Riot Platforms, emphasizing that the proposal is perceived as an attempt to acquire Bitfarms at a discounted price, rather than for corporate governance improvements. This statement comes in response to ongoing tensions and public disputes between the two companies regarding the acquisition proposal and corporate governance issues.
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Frequently asked
Who acquired Bitfarms?
Bitfarms was acquired by Riot Platforms, based in Castle Rock. The deal was reported on September 4, 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 September 4, 2024. Bitfarms has issued a statement addressing the disputed acquisition proposal by Riot Platforms, emphasizing that the proposal is perceived as an attempt to acquire Bitfarms at a discounted price, rather than for corporate governance improvements. 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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