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Riot Platforms Proposes Comprehensive Plan to Improve Bitfarms

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Riot Platforms Inc. (Nasdaq: RIOT) has proposed a comprehensive plan to improve Bitfarms Ltd. (Nasdaq: BITF) and has launched a website to detail this strategy. As part of its efforts to acquire Bitfarms, Riot has called for a special shareholders’ meeting to nominate three new directors: John Delaney, Amy Freedman, and Ralph Goehring, who bring valuable corporate governance and executive management experience. This proposal includes removing current Chairman Nicolas Bonta and directors AndrĆ©s Finkielsztain and Fanny Philip, who was recently appointed after co-founder Emiliano Grodzki’s resignation. Riot emphasizes the need for fresh perspectives to drive Bitfarms’ growth and strategic direction. On Monday, Bitfarms announced the appointment of a new chief executive officer.

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Riot Platforms Proposes Comprehensive Plan to Improve Bitfarms