Riot Platforms, a major Bitcoin mining company, is set to acquire its competitor Bitfarms for $950 million, accusing Bitfarms' founders of neglecting shareholder interests. Riot's offer of $2.3 per share values the acquisition at $950 million, with Bitfarms' shareholders poised to own up to 17% of the combined entity. The Colorado-based Riot Platforms revealed the proposal, made privately in late April, was rejected by Bitfarms' board without substantial dialogue. Additionally, Riot highlights concerns from a $27 million lawsuit by former Bitfarms CEO Geoffrey Morphy, questioning whether Bitfarms' directors are prioritizing shareholder interests.
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Mkt Cap $2.30T
BTC Dom 56.76 %
BTC
$64,972.00
▲ +1.20%
ETH
$1,915.93
▲ +1.10%
USDT
$0.999502
▲ +0.00%
BNB
$593.25
▲ +0.30%
USDC
$0.999732
▲ +0.00%
XRP
$1.03
▲ +1.60%
SOL
$74.56
▲ +2.90%
TRX
$0.327369
▼ -0.10%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.20
▼ -2.50%
DOGE
$0.070067
▲ +1.70%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012711
▲ +1.20%
LEO
$9.71
▼ -0.40%
ZEC
$507.78
▲ +0.70%
ADA
$0.200738
▲ +0.90%
XMR
$380.55
▲ +3.40%
WBT
$56.20
▲ +1.10%
LINK
$8.26
▲ +1.90%
XLM
$0.163316
▲ +2.00%
DAI
$0.999761
▲ +0.00%
BCH
$216.80
▲ +1.80%
USD1
$0.999969
▲ +0.00%
USDE
$0.999681
▲ +0.00%
GRAM
$1.36
▲ +2.60%
BTC
$64,972.00
▲ +1.20%
ETH
$1,915.93
▲ +1.10%
USDT
$0.999502
▲ +0.00%
BNB
$593.25
▲ +0.30%
USDC
$0.999732
▲ +0.00%
XRP
$1.03
▲ +1.60%
SOL
$74.56
▲ +2.90%
TRX
$0.327369
▼ -0.10%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.20
▼ -2.50%
DOGE
$0.070067
▲ +1.70%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012711
▲ +1.20%
LEO
$9.71
▼ -0.40%
ZEC
$507.78
▲ +0.70%
ADA
$0.200738
▲ +0.90%
XMR
$380.55
▲ +3.40%
WBT
$56.20
▲ +1.10%
LINK
$8.26
▲ +1.90%
XLM
$0.163316
▲ +2.00%
DAI
$0.999761
▲ +0.00%
BCH
$216.80
▲ +1.80%
USD1
$0.999969
▲ +0.00%
USDE
$0.999681
▲ +0.00%
GRAM
$1.36
▲ +2.60%
Mkt Cap $2.30T
BTC Dom 56.76 %
BTC
$64,972.00
▲ +1.20%
ETH
$1,915.93
▲ +1.10%
USDT
$0.999502
▲ +0.00%
BNB
$593.25
▲ +0.30%
USDC
$0.999732
▲ +0.00%
XRP
$1.03
▲ +1.60%
SOL
$74.56
▲ +2.90%
TRX
$0.327369
▼ -0.10%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.20
▼ -2.50%
DOGE
$0.070067
▲ +1.70%
USDS
$0.999878
▲ +0.00%
RAIN
$0.012711
▲ +1.20%
LEO
$9.71
▼ -0.40%
ZEC
$507.78
▲ +0.70%
ADA
$0.200738
▲ +0.90%
XMR
$380.55
▲ +3.40%
WBT
$56.20
▲ +1.10%
LINK
$8.26
▲ +1.90%
XLM
$0.163316
▲ +2.00%
DAI
$0.999761
▲ +0.00%
BCH
$216.80
▲ +1.80%
USD1
$0.999969
▲ +0.00%
USDE
$0.999681
▲ +0.00%
GRAM
$1.36
▲ +2.60%
