Riot Platforms and Bitfarms Settle Dispute, Conclude Takeover Saga Ahead of Shareholder Meeting

Sep 23, 2024, 12:22 PM

Riot Platforms, Inc. and Bitfarms Ltd. have reached a settlement agreement, resolving their ongoing dispute. As part of the settlement, Amy Freedman, a former investment banker, has been appointed to the board of Bitfarms, replacing Andrés Finkielsztain. The agreement comes ahead of a key shareholder meeting and marks a significant development in the relationship between the two bitcoin mining companies. Riot Platforms is the top shareholder of Bitfarms. This settlement concludes a takeover saga and was announced through a press release.