bigjackpot88 Bitfarms reports 21% increase in Bitcoin production amid upgrades and takeover drama
2024-09-25Bitcoin miner Bitfarms reported an increase in Bitcoin production for June following an overall capacity upgrade. According to its latest monthly production report, Bitfarms’s BTC production rose 21% month-on-month to 189 BTC in June, up from
Bitcoin miner Riot Platforms’ effort to take over rival Bitfarms has taken a new turn with recent developments in both companies. Dedicated website On July 8, Riot launched a dedicated website, “ABetterBitfarms,” to educate Bitfarm
Bitcoin miner Bitfarms will hold a shareholder vote in October regarding Riot Platform’s takeover bid, according to a July 12 statement. The miner stated that its shareholders of record as of Sept. 26, 2024, will be able to vote at the special
777win Bitfarms implements fresh poison pill strategy to fend off Riot Platforms takeover bid
2024-09-24Bitfarms has introduced a new shareholder rights plan — a so-called poison pill strategy — to thwart Riot Platforms’ takeover attempt, according to a July 24 statement. The miner intends to issue new shares to dilute stakes if any entity, incl
Bitcoin miner Riot Platforms has intensified its acquisition strategy against rival Bitfarms by purchasing approximately 10 million additional shares this monthsportsplus ph, according to a July 31 filing with the US Securities and Exchange Commissi
Bitfarms said its Bitcoin production and holdings increased last month despite the rising mining difficultymoney play, according to an Aug. 31 statement. The crypto miner revealed a 33.8% rise in Bitcoin production for July, attributed to a higher h
royal888 Board changes at Bitfarms amid revenue drop and Riot’s hostile takeover efforts
2024-09-24Bitfarms co-founder and chairman Nicolas Bonta is stepping down from the board immediately amid the ongoing fight against Riot Platforms‘ hostile takeover bid, according to an Aug. 13 statement. Bonta is one of three board members Riot aims to
Riot Platforms has announced an increase in its ownership stake in Bitfarms Ltd. to 18.9%, intensifying its influence over the Canadian Bitcoin mining firm. This development follows Riot’s acquisition of an additional 1 million common shares o
Bitcoin miner Bitfarms said it has entered into a merger agreement to acquire Stronghold Digital Mining for $125 million in equity valuejilihot, alongside $50 million in assumed debt. In a joint Aug. 21 statement, both companies revealed that their
milyon88 Bitfarms refutes ‘misleading claims’ made by Riot Platforms in open letter
2024-09-24Bitcoin miner Bitfarms issued a statement addressing what it called misleading claims by rival Riot Platforms amid ongoing tensions over the latter’s amended acquisition proposal.milyon88 In the Sept. 4 press release, Bitfarms emphasized that