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Riot Platforms, a crypto mining firm, is in a tussle with Bitfarms over a potential takeover. Riot, which already holds a 13.1% stake in Bitfarms, got a bit miffed when Bitfarms introduced a 'poison pill' strategy to prevent Riot from acquiring a 15% or higher stake. Riot's CEO, Jason Les, called this move a foul play, arguing that the usual threshold is 20%. Despite the drama, Bitfarms' stock price on Nasdaq has jumped more than 56% in the last 30 days. Looks like the market loves a good soap opera! 🍿

Riot Platforms, a crypto mining firm, is in a tussle with Bitfarms over a potential takeover. Riot, which already holds a 13.1% stake in Bitfarms, got a bit miffed when Bitfarms introduced a 'poison pill' strategy to prevent Riot from acquiring a 15% or higher stake. Riot's CEO, Jason Les, called this move a foul play, arguing that the usual threshold is 20%. Despite the drama, Bitfarms' stock price on Nasdaq has jumped more than 56% in the last 30 days. Looks like the market loves a good soap opera! 🍿

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