Bitfarms Refuses Riot's Acquisition Offer, Citing Low Valuation
Wednesday, 29 May 2024, 13:44
Bitfarms Rejects Riot’s Acquisition Proposal
Bitfarms decided to reject Riot’s acquisition proposal as they believed it significantly undervalued the company.
Key Points:
- Riot's Interest: Riot presented an acquisition offer to Bitfarms.
- Valuation Concerns: Bitfarms felt that the proposal undervalued their worth.
- Independent Growth: By declining the offer, Bitfarms signals confidence in their intrinsic value and long-term growth prospects.
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.