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A dramatic illustration of two corporate giants clashing over a digital fortress, symbolizing Bitfarms' defense against Riot Platforms' hostile takeover attempt, with stock charts and corporate logos integrated into the scene.

Bitfarms Drops Poison Pill to Block Riot's Takeover

Riot Platforms had offered $950 million for the company

Bitfarms' Board of Directors has approved a shareholder rights plan to prevent a hostile takeover by Riot Platforms. This 'poison pill' strategy aims to protect Bitfarms' corporate stability and ensure fair value for all shareholders.

June 12, 2024 11:34 AM

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