According to ChainCatcher, Riot Platforms has proposed a comprehensive plan to improve Bitfarms Ltd. and launched a website to detail the strategy.

As part of its efforts to acquire Bitfarms, Riot has called an extraordinary general meeting to nominate three new directors: John Delaney, Amy Freedman, and Ralph Goehring. The proposal includes the removal of current chairman Nicolas Bonta as well as directors Andrés Finkielsztain and Fanny Philip, the latter of whom was recently appointed following the resignation of co-founder Emiliano Grodzki.

Riot stressed the need for new perspectives to drive growth and strategic direction for Bitfarms.