What’s Going On With Bitcoin Mining Stock Riot Platforms Monday?
Posted On September 23, 2024
Riot Platforms Inc (NASDAQ:RIOT) on Monday announced that it entered into a settlement agreement with Bitfarms Ltd (NASDAQ:BITF) related to its ongoing takeover attempt of the company.
What Happened: Riot and Bitfarms reached an agreement ahead of the upcoming special meeting of Bitfarms shareholders. Under terms of the agreement, Andrés Finkielsztain has stepped down from Bitfarms’ board. The company said it appointed Amy Freedman to its board, as well as its governance and nominating committee and compensation committee.
Riot Platforms has agreed to withdraw its requisition and accept customary standstill provisions through the Bitfarms 2026 annual meeting. At the meeting, shareholders will be asked to …
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