In the midst of a power struggle between Bitcoin mining companies Riot Platforms and Bitfarms, Bitfarms has appointed a new board member to counter Riot's alleged "hostile takeover" attempts. Riot, which owns a 14.9% stake in Bitfarms, recently announced plans to replace three Bitfarms board members with independent directors. Bitfarms has responded by appointing Fanny Philip, a member of the Canadian Blockchain Consortium’s mining committee, as an independent board member. Meanwhile, Bitcoin miner Hut 8 has secured a $150 million investment from Coatue Management, highlighting the growing investor interest in Bitcoin mining amid the rise of AI and Bitcoin adoption.