On June 5, 2024, Riot Platforms, Inc. announced a non-binding proposal for a business combination with Bitfarms Ltd. The proposal is not an offer to Bitfarms shareholders and there is no certainty that a definitive offer will be made or accepted, or that any agreement will be reached between the two companies. Riot Platforms has stated that it will not provide updates on the proposed transaction unless required by law. The announcement includes cautionary notes about forward-looking statements, indicating that actual results may differ from expectations due to various risks and uncertainties. Riot Platforms has made it clear that this announcement is not an offer to sell securities or a solicitation of an offer to buy securities, and any such...Show More

On June 5, 2024, Riot Platforms, Inc. announced a non-binding proposal for a business combination with Bitfarms Ltd. The proposal is not an offer to Bitfarms shareholders and there is no certainty that a definitive offer will be made or accepted, or that any agreement will be reached between the two companies. Riot Platforms has stated that it will not provide updates on the proposed transaction unless required by law. The announcement includes cautionary notes about forward-looking statements, indicating that actual results may differ from expectations due to various risks and uncertainties. Riot Platforms has made it clear that this announcement is not an offer to sell securities or a solicitation of an offer to buy securities, and any such offer would only be made through regulatory filings with the SEC and applicable Canadian securities regulatory authorities. The company has also stated that it may file relevant documents with the SEC and Canadian authorities as part of the proposal process, and these would be available to investors for review. Riot Platforms and its management may be considered participants in the solicitation of proxies for the proposed transaction, with further details to be provided in future regulatory filings.