On September 3rd, Riot Platforms, Inc., the largest shareholder of mining company Bitfarms Ltd., has sent an open letter to Bitfarms shareholders calling for further changes to the company's board of directors.
The upcoming shareholders' meeting is scheduled for October 29. At this meeting, Riot will push for reforms to improve corporate governance and enhance value for all shareholders. Bitfarms is a publicly traded company headquartered in Canada that focuses on the cryptocurrency industry and, in particular, bitcoin mining.
Riot holds a 19.9% stake in the bitcoin-focused mining company and acknowledges recent board changes, including the resignation of co-founders Emiliano Grodzki and Nicolas Bonta.
Riot Platforms urges Bitfarms Board to Make Changes Ahead of Key October Meeting
2024-09-03 12:45:10
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