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Riot Pushes for Board Changes at Bitfarms, Citing Governance Issues

Benzinga ·  Sep 3 06:50

Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot") today issued an open letter to Bitfarms Ltd. (TSX:BITF) ("Bitfarms" or the "Company") shareholders. The full text of the letter is below:

Dear Fellow Bitfarms Shareholders,

Riot currently owns approximately 19.9% of Bitfarms, making us Bitfarms' largest shareholder. As we approach the October 29 special meeting of Bitfarms' shareholders (the "Special Meeting"), we want to share our perspectives on the recent actions taken by Bitfarms, including changes to its Board of Directors (the "Bitfarms Board") and the proposed acquisition of Stronghold Digital Mining, Inc. ("Stronghold"). We also want to provide an update on our campaign...

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