TechFlow News — U.S.-listed bitcoin mining company Bitfarms has announced the postponement of its special shareholder meeting by one week, from October 29 to November 6, in order to reassess Riot Platforms' revised proposal.
The shareholder meeting was originally scheduled for June 24 at the request of Riot Platforms.
In April, Riot attempted to acquire Bitfarms for approximately $950 million and has since been increasing its stake in the company. It currently holds about 19.9% of Bitfarms' shares, making it the largest shareholder. Bitfarms' special committee has proposed adding a mutually agreed director nominee, expanding the board size to six members, and including a standstill agreement along with other customary terms.
Add to Favorites
Share to Social Media
