Bitfarms rejects Riot’s unsolicited acquisition offer

Assad Jafri

Bitfarms said on May 29 that it rejected Riot Platform’s unsolicited acquisition proposal because the offer undervalued the company. The proposal, received on April 22, offered $2.30 per common share in a mix of cash and Riot common stock — amounting to a $950 million offer. Bitfarms’ Special Committee of Independent Directors reviewed the offer […]

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Bitfarms rejects Riot’s unsolicited acquisition offer