Riot nominates three independent directors to Bitfarms board in latest takeover salvo | Headlines | News | CoinMarketCap
06/24/2024 21:22
As expected, Riot Platforms has formally requisitioned a special meeting of Bitfarms shareholders to reconstitute the Bitfarms Board of Directors. …
As expected, Riot Platforms has formally requisitioned a special meeting of Bitfarms shareholders to reconstitute the Bitfarms Board of Directors.
At the Special Meeting, Bitfarms shareholders will be able to vote on removing Nicolas Bonta, the Chairman and Interim CEO, and director Andrés Finkielsztain. They will also vote on the removal of anyone appointed to fill the vacancy left by co-founder Emiliano Grodzki, who was recently removed from the board at the shareholders' annual meeting.
It's the latest step in Riot's attempted takeover of its bitcoin mining peer. Riot Platforms attempted to acquire Bitfarms in April for roughly $950 million. Since that deal was thwarted, Riot has steadily been buying up stock in Bitfarms to become its largest …