Riot Platforms' Bid Spurs Special Shareholders Meeting at Bitfarms

Bitfarms Ltd. has scheduled a special shareholders meeting for Oct. 29, 2024, in response to a requisition from Riot Platforms, Inc. The announcement on Friday claims Riot aims to disrupt Bitfarms’ ongoing strategic review process and acquire the company. The special committee of independent directors, after extensive deliberation and advice from financial and legal advisors, recommended the meeting to ensure all shareholders can evaluate Riot’s proposal. Shareholders of record as of Sept. 26, 2024, are eligible to vote at the meeting. The news follows a Riot-created website aimed at improving Bitfarms launched earlier this week.