Bitfarms implements fresh poison pill strategy to fend off Riot Platforms takeover bid

Oluwapelumi Adejumo

Bitfarms has introduced a new shareholder rights plan — a so-called poison pill strategy — to thwart Riot Platforms’ takeover attempt, according to a July 24 statement. The miner intends to issue new shares to dilute stakes if any entity, including Riot Platforms, acquires over 20% of its shares within the next six months. The […]

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Bitfarms implements fresh poison pill strategy to fend off Riot Platforms takeover bid