Bitfarms Responds to Riot Bid, Considers Alternatives

Wednesday, 29 May 2024, 14:39

Bitfarms, a prominent crypto miner, rebuffs the bid submitted by Riot, terming it significantly undervalued. The company is now contemplating various strategic options following the interest from other potential buyers, signaling a potential shift in the crypto mining landscape.
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Bitfarms Responds to Riot Bid, Considers Alternatives

Bitfarms Responds to Riot Bid

Bitfarms, a leading crypto miner, has voiced its concerns over Riot's undervalued bid for the company.

Exploring Strategic Alternatives

  • Multiple Offers: Bitfarms confirms receiving additional expressions of interest from various parties.

The developments suggest a pivotal moment in the crypto mining industry with Bitfarms contemplating its next move amidst increasing competition.


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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