Riot Proposes to Take Over Bitfarms with $2.30 Per Share Offer

Tuesday, 28 May 2024, 14:26
Riot Blockchain has made a bid to acquire Bitfarms at $2.30 per share in a hostile takeover. Despite Bitfarms rejecting the proposal, the offer could signal a significant development in the crypto industry. Investors and analysts are closely watching the unfolding situation for potential market reactions and future implications.
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Riot Proposes to Take Over Bitfarms with $2.30 Per Share Offer

Riot's Hostile Takeover Bid for Bitfarms

Riot Blockchain has revealed its intentions to acquire Bitfarms through a contentious takeover bid.

Proposal Details

  • Riot's Offer: $2.30 per share
  • Response: Bitfarms rejected the proposal

The $2.30 per share offer signifies Riot's aggressive stance towards Bitfarms despite initial resistance.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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