BITF Stock Alert: Riot Platforms Is Changing Its Approach to Take Over Bitfarms
BITFBitfarms .(BITF) Investor Place·2024-06-24 23:13

Bitfarms (NASDAQ:BITF) stock is in the news Monday on an update to Riot Platforms’ (NASDAQ:RIOT) plan to take over the cryptocurrency mining company. Riot Platforms has withdrawn its previous offer to acquire all outstanding shares of BITF stock for $2.30 each. This comes after the offer from rejected by the Bitfarms board of directors. However, Riot Platforms isn’t giving up on its plan to combine with Bitfarms. Instead, the company is bypassing the board to speak directly to shareholders of BITF stock. Th ...