Summary by Moomoo AI
On June 12, 2024, Riot Platforms, Inc. announced a non-binding proposal for a business combination transaction with Bitfarms Ltd. The proposal, which was shared on social media platforms X and LinkedIn, is not an offer to Bitfarms shareholders and there is no certainty that a definitive offer will be made or accepted, nor 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 legally required. The announcement also contained forward-looking statements, cautioning that actual results could materially differ from expectations due to various risks and uncertainties. Riot Platforms has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, with the SEC...Show More