🚀 Crypto News: Riot Platforms Increases Stake in Bitfarms! 🤑

- Riot Platforms, the third-largest BTC mining company on Wall Street, has just bought another 1 million Bitfarms shares, bringing its total stake to 85.3 million, or 18.9% of Bitfarms.

- The deal, worth $2.28 million, comes after Bitfarms rejected Riot's $950 million acquisition offer in May.

- Bitfarms has adopted a "poison pill" strategy to stave off Riot, but is still facing pressure from Riot to change its leadership.

- On August 13, Bitfarms co-founder and chairman Nicolas Bonta resigned, one of Riot's replacement targets.

- Riot also just acquired Kentucky-based Block Mining for $92.5 million, expanding its presence beyond Texas.

📈 What do you think about this move by Riot? Share your opinion! 👇