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News Explorer — Riot Platforms Increases Its Stake in Bitfarms to 14%

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Jun 14, 3:27 pm
Blockworks

Riot Platforms Increases Its Stake in Bitfarms to 14%

Riot Platforms, a Bitcoin mining giant, continues to acquire more shares of Bitfarms despite its failed takeover attempt. Bitfarms rejected Riot's bid, stating that it undervalued the company. However, Riot now owns 14% of Bitfarms' shares and plans to call a special shareholder meeting to nominate independent directors.

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