đšÂ BREAKING NEWS: Bitfarms Responds to Riot Platformsâ Criticism! đš
The crypto world is buzzing as Bitfarms fires back at Riot Platforms amid an escalating boardroom battle. Bitfarms has issued a strong rebuttal to Riot Platformsâ criticisms, accusing its rival of self-interest and misleading claims.
Riot Platforms, the largest shareholder of Bitfarms, has been pushing for significant changes in Bitfarmsâ board of directors, claiming that the companyâs corporate governance is broken. In response, Bitfarms has defended its recent board and leadership changes, stating that these decisions were made independently and in the best interest of all shareholders.
Bitfarms also highlighted that Riotâs actions are part of a broader strategy to acquire Bitfarms at a discounted price, rather than genuinely addressing governance issues. The upcoming special shareholder meeting on October 29, 2024, is expected to be a critical juncture in this ongoing feud.
đ„ Key Points đ„
Bitfarms accuses Riot Platforms of attempting a hostile takeover.Riot Platforms demands further board changes and proposes new independent directors.Bitfarms defends its recent acquisition of Stronghold Digital Mining as a strategic move to diversify and enhance shareholder value.
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