Summary by Moomoo AI
On May 28, 2024, Riot Platforms, Inc. made a non-binding proposal to Bitfarms Ltd., which was communicated via social media platforms. The proposal does not constitute an official offer to Bitfarms shareholders and there is no certainty that a definitive offer will be made or accepted. Riot Platforms has stated that it will not provide updates on the proposed transaction unless legally required. The announcement contains forward-looking statements, which are speculative and subject to risks and uncertainties, meaning actual results could differ materially. Riot Platforms has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, with the SEC, which includes detailed risk factors and cautionary notes. The communication is informational and not a solicitation of a proxy or an offer to purchase securities. Any future regulatory filings related to the proposed transaction will be made available to investors and security holders through the SEC and Canadian securities regulatory authorities. Riot Platforms and Bitfarms may file relevant documents with these authorities as the proposal progresses.