During the cold war between two major Bitcoin mining companies, Riot Platforms and Bitfarms, the latter appointed a new board member to prevent a "hostile takeover." 📉
On June 24, Riot, which owns a 14.9% stake in Bitfarms, announced its intention to replace three members of the Bitfarms board of directors with independent directors.
On June 27, Canadian Bitcoin miner Bitfarms announced the appointment of Fanny Philippe as an independent member of the board of directors.
With growing interest in artificial intelligence (AI) and widespread adoption of Bitcoin, investors are betting big on Bitcoin miners as demand for computing power soars.
