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Riot Platforms just withdrew its offer to takeover Bitfarms: find out more
Invezz· 2024-06-24 22:08
Bitfarms Ltd (NASDAQ: BITF) opened about 10% down on Monday after Riot Platforms Inc (NASDAQ: RIOT) withdrew its $2.30 per share offer to takeover the bitcoin miner. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Shares of Riot Platforms are also in the red at writing. Why did Riot Platforms withdraw its offer for Bitfarms?Copy link to sectionBitfarms recently rejected the aforementioned proposal that valued it at about $950 million. The decision to ...
3 Stocks Under $10 to Buy for Maximum Growth in 2024
Investor Place· 2024-06-19 01:00
When searching for the hidden treasures in the stock market, it’s easy to focus on the big-name companies with equally big price tags. However, it’s wise not to overlook stocks under $10 to buy. These options provide some much-needed diversification to your investment portfolio.They say that every giant company was once a small business venture. Stocks priced below $10 are usually growth stocks. They are the active companies, the ones that are eager to grow and expand their market share. They are economical ...
The Penny Stock Prophecy: 3 Under-the-Radar Picks Poised for Explosive Growth
Investor Place· 2024-06-16 01:00
In the vast expanse of the stock market, penny stocks often go unnoticed by the typical investor. However, for those willing to wade through the riskier waters of low-priced equities, the potential rewards are enormous. With lower market caps and higher volatility, these stocks offer an exciting opportunity for significant gains.Amidst a market that’s continually evolving, certain penny stocks are beginning to catch the eyes of savvy investors looking for the next big breakout. Factors such as innovative bu ...
Riot Platforms Doubles Down on Bitfarms (BITF) Stock With 14% Stake
Investor Place· 2024-06-14 21:34
Bitcoin (BTC-USD) miner Riot Platforms (NASDAQ:RIOT) is continuing its effort against rival Bitfarms (NASDAQ:BITF), buying more stock and seeking a shareholder meeting to nominate its own directors.Bitfarms, based in Toronto, has rejected Riot’s $950 million takeover bid and is expanding its U.S. operations into Pennsylvania.Meanwhile, speculators pushed BITF stock price to $3.03 per share overnight, the market capitalization rising to $1.25 billion. RIOT stock was due to open at $11.05, a market cap of $3. ...
3 Penny Stocks Primed to Create a New Wave of Millionaires: June Edition
Investor Place· 2024-06-14 01:37
Penny stocks offer savvy investors a whole host of opportunities. Though there will always be purely speculative plays, some promising companies can become high-quality stocks in the future.The major growth catalyst for penny stock investors is the potential for interest rate cuts later this year. Core inflation slowed down last month, but the Federal Reserve has elected to keep interest rates steady at 5.25% to 5.5%. Nevertheless, a rate cut is coming sooner than later, which makes it an excellent time to ...
Bitfarms Enters into Agreement to Develop 120 MW in U.S.; Provides 2025 Guidance of Over 35 EH/s
Newsfilter· 2024-06-13 18:00
-First U.S. large scale site supports 8 EH/s in 2025 with deployment of 600 PH/s in 2024--Strategically located in PJM Interconnection market, providing access to low-cost, flexible power--Increases 2025 power capacity to 648 MW, up 170% from current 240 MW--Company establishes 2025 guidance of over 35 EH/s- This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TO ...
Bitfarms Enters into Agreement to Develop 120 MW in U.S.; Provides 2025 Guidance of Over 35 EH/s
GlobeNewswire News Room· 2024-06-13 18:00
-First U.S. large scale site supports 8 EH/s in 2025 with deployment of 600 PH/s in 2024--Strategically located in PJM Interconnection market, providing access to low-cost, flexible power--Increases 2025 power capacity to 648 MW, up 170% from current 240 MW--Company establishes 2025 guidance of over 35 EH/s- This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TO ...
Bitfarms Issues Statement Regarding Riot Platforms' Attempts to Disrupt Ongoing Strategic Alternatives Review Process
Newsfilter· 2024-06-13 07:14
-Bitfarms Board of Directors Remains Committed to Maximizing Value for All Shareholders- -Continues to Welcome Riot's Participation in Ongoing Strategic Alternatives Review Process- This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, June 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF) (the "Company" or "Bitfarms"), a ...
Bitfarms Issues Statement Regarding Riot Platforms' Attempts to Disrupt Ongoing Strategic Alternatives Review Process
GlobeNewswire News Room· 2024-06-13 07:14
-Bitfarms Board of Directors Remains Committed to Maximizing Value for All Shareholders- -Continues to Welcome Riot’s Participation in Ongoing Strategic Alternatives Review Process- This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, June 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) (the “Company” or “Bitfa ...
Bitfarms Announces Toronto Stock Exchange Deferral of Consideration of Shareholder Rights Plan
Newsfilter· 2024-06-11 05:00
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, June 10, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF) ("Bitfarms" or the "Company"), a global Bitcoin vertically integrated company, today announced that it has been notified by the Toronto Stock Exchange (the "TSX") that the TSX will defer its consideration of the ac ...