Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase.
Read moreBitfarms adds board member to deter Riot Platforms takeover
Despite initially planning to buy all Bitfarms’ shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bitfarms’ current board was difficult.
Read moreBitfarms expands into Pennsylvania amid Riot’s growing stake
Bitfarms announces U.S. expansion in Pennsylvania, while Riot Platforms increases its ownership stake in the company to 14%.
Read moreBitfarms pushes back against Riot’s $950M takeover attempt
Riot’s $950 million buyout offer is met with resistance as Bitfarms’ stakeholders and special committee deem it undervalued and not in shareholders’ best interests.
Read moreRiot acquires 13% Bitfarms stake as CEO decries ‘poison pill‘ strategy
Bitfarms’ stock price on the Nasdaq has increased more than 56% in the last 30 days amid Riot Platforms’ attempt at a takeover.
Read moreBitfarms adopts shareholder rights plan as Riot attempts takeover
The plan, which passed after Bitfarms’ shareholder meeting, will complicate Riot’s effort but not necessarily stop it from succeeding.
Read more