Summary by Moomoo AI
On May 28, 2024, Riot Platforms, Inc. issued a non-binding proposal to Bitfarms Ltd., cautioning shareholders of both companies that the proposal does not guarantee a definitive offer or the completion of any transaction. The announcement, made via social media platforms X and LinkedIn, emphasized that the proposal should not be construed as an offer to Bitfarms shareholders and that there is no certainty of Bitfarms accepting any offer from Riot. Riot also stated it has no obligation to update on the proposed transaction unless required by law. The communication included forward-looking statements, which are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially. Riot's management has identified...Show More