{"id":137794,"date":"2024-09-24T12:00:32","date_gmt":"2024-09-24T09:00:32","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137794"},"modified":"2024-09-24T08:50:13","modified_gmt":"2024-09-24T05:50:13","slug":"riot-and-bitfarms-settle-after-hostile-negotiations-whats-next-for-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/riot-and-bitfarms-settle-after-hostile-negotiations-whats-next-for-bitcoin-mining\/","title":{"rendered":"Riot and Bitfarms Settle After Hostile Negotiations – What\u2019s Next for Bitcoin Mining?"},"content":{"rendered":"

This agreement<\/a> <\/strong>precedes a Special Meeting of Bitfarms shareholders set for November 6. Following the news, the stock prices of both companies have improved, as market observers anticipate potential movements in related stocks.<\/p>\n

On September 23, the two companies issued a joint statement announcing their settlement, which aims to streamline Riot\u2019s lengthy takeover efforts. Key changes to the Board of Bitfarms are included in the deal, which both companies see as a crucial step forward.<\/p>\n

As part of this arrangement, Bitfarms Board member Andres Finkielsztain has resigned, and Amy Freedman has been appointed in his place, along with roles on other committees. Additionally, Riot will withdraw its prior requisition and suspend its efforts until Bitfarms\u2019 2026 annual meetings. Riot retains the option to acquire up to 15% of Bitfarms\u2019 shares.<\/p>\n