News list for " improved governance"

On June 12, Bitcoin mining and infrastructure firm Riot Platforms criticized Bitfarms for adopting a shareholder-unfriendly "poison pill" plan that prevents any shareholder from acquiring 15% or more of Bitfarms' common stock without approval. Riot said the plan was below the customary threshold of 20%, reflecting poor corporate governance. Riot urged Bitfarms' chairperson to facilitate that chairperson and interim CEO Nicolas Bonta must resign to address corporate governance issues. Previously,...

2024-06-12 14:34:21