According to Foresight News, Bitfarms has issued a statement addressing Riot's acquisition proposal and related misleading statements. Bitfarms clarified that the upcoming special meeting is not about corporate governance, as Riot has repeatedly suggested, but rather about Riot's attempt to acquire Bitfarms at a discounted price, benefiting Riot shareholders instead of Bitfarms shareholders. Bitfarms accused Riot of refusing constructive engagement and instead opting for public attacks and actions that harm other Bitfarms shareholders. The recent changes in Bitfarms' board and leadership were conducted independently of Riot and not for Riot's benefit or approval. Bitfarms also questioned how Riot's nominees would strengthen the board.

According to Foresight News, Riot Platforms has urged the Bitfarms board to implement changes ahead of a crucial meeting in October.