Riot Platforms, Inc., a company listed in the US under the ticker RIOT.US, has made a non-binding proposal to Bitfarms Ltd., as disclosed in a series of posts on social media platforms X and LinkedIn on May 28, 2024. Riot Platforms has clarified that this proposal should not be considered a definitive offer or an intention to make a direct offer to Bitfarms shareholders. The company has also stated that there is no certainty that a definitive offer will be made, that Bitfarms will accept any offer, or that any agreement will be reached between the two parties. Riot Platforms has emphasized that it is not obligated to provide updates on the proposed transaction unless required by law. The announcement...Show More

Riot Platforms, Inc., a company listed in the US under the ticker RIOT.US, has made a non-binding proposal to Bitfarms Ltd., as disclosed in a series of posts on social media platforms X and LinkedIn on May 28, 2024. Riot Platforms has clarified that this proposal should not be considered a definitive offer or an intention to make a direct offer to Bitfarms shareholders. The company has also stated that there is no certainty that a definitive offer will be made, that Bitfarms will accept any offer, or that any agreement will be reached between the two parties. Riot Platforms has emphasized that it is not obligated to provide updates on the proposed transaction unless required by law. The announcement includes cautionary notes regarding forward-looking statements, indicating that actual results may differ materially from those projected due to various risks and uncertainties. These statements are not guarantees of future performance and should not be relied upon as such. Riot Platforms has also made it clear that the document is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities. The communication is related to a business combination proposal with Bitfarms, and any further developments will be disclosed through regulatory filings with the SEC and Canadian securities regulatory authorities. Investors and security holders of both Riot Platforms and Bitfarms are advised to read these filings carefully for detailed information about the proposed transaction.