Bitfarms and Riot Platforms settle takeover dispute, with Amy Freedman joining Bitfarms board and Riot retaining 19.9% stake.

Bitfarms Ltd. has settled a takeover dispute with Riot Platforms, appointing Amy Freedman to its board, replacing Andrés Finkielsztain. This agreement follows Riot's rejected $950 million acquisition offer, which Bitfarms deemed undervalued. Riot retains a 19.9% stake and will not seek over 20% ownership without board consent. The settlement allows both companies to advance without perceived losses and includes provisions for future share purchases by Riot.

September 23, 2024
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