Bitfarms Rebuffs Riot’s Acquisition Offer, Citing Significant Undervaluation
Wednesday, 29 May 2024, 13:44
Reasons Behind Rejection of Acquisition Proposal
Bitfarms has opted to turn down Riot's proposal based on the belief that the offer significantly undervalues the company.
Impact on Market Position
The rejection indicates Bitfarms' confidence in its current market standing and future growth.
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