According to Odaily Planet Daily, Bitcoin mining company Riot Platforms announced on Wednesday that it had acquired a 12% stake in its competitor Bitfarms Ltd. Riot Platforms purchased approximately 1.5 million shares of Bitfarms on Wednesday at a price of approximately $2.45 per share. Prior to the acquisition, Riot already beneficially owned approximately 11.63% of Bitfarms' shares. Riot said it plans to request a special shareholder meeting to add independent directors to Bitfarms' board of directors, citing concerns about its corporate governance.
