Riot Blockchain Announces Bid to Acquire Bitfarms, Aiming to Form the Largest Publicly Traded Bitcoin Mining Company

Riot Platforms has made an announcement regarding their proposal to acquire Bitfarms in order to create the “world’s largest publicly listed bitcoin miner.” This proposal includes a combination of cash and Riot stock, offering a 24% premium. Despite facing initial rejection from Bitfarms’ Board, Riot intends to present the proposal directly to shareholders. Riot believes that this acquisition will help establish a vertically integrated, geographically diverse platform.


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