Bitfarms
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🚨 BREAKING NEWS: Bitfarms Responds to Riot Platforms’ Criticism! 🚨
The crypto world is buzzing as Bitfarms fires back at Riot Platforms amid an escalating boardroom battle. Bitfarms has issued a strong rebuttal to Riot Platforms’ criticisms, accusing its rival of self-interest and misleading claims.
Riot Platforms, the largest shareholder of Bitfarms, has been pushing for significant changes in Bitfarms’ board of directors, claiming that the company’s corporate governance is broken. In response, Bitfarms has defended its recent board and leadership changes, stating that these decisions were made independently and in the best interest of all shareholders.
Bitfarms also highlighted that Riot’s actions are part of a broader strategy to acquire Bitfarms at a discounted price, rather than genuinely addressing governance issues. The upcoming special shareholder meeting on October 29, 2024, is expected to be a critical juncture in this ongoing feud.
🔥 Key Points 🔥
Bitfarms accuses Riot Platforms of attempting a hostile takeover.Riot Platforms demands further board changes and proposes new independent directors.Bitfarms defends its recent acquisition of Stronghold Digital Mining as a strategic move to diversify and enhance shareholder value.
Stay tuned for more updates on this developing story. Follow us for the latest news and insights, and don’t forget to comment below with your thoughts!
#Bitfarms #RiotPlatforms #CryptoNews #BoardroomBattle #HostileTakeover
The crypto world is buzzing as Bitfarms fires back at Riot Platforms amid an escalating boardroom battle. Bitfarms has issued a strong rebuttal to Riot Platforms’ criticisms, accusing its rival of self-interest and misleading claims.
Riot Platforms, the largest shareholder of Bitfarms, has been pushing for significant changes in Bitfarms’ board of directors, claiming that the company’s corporate governance is broken. In response, Bitfarms has defended its recent board and leadership changes, stating that these decisions were made independently and in the best interest of all shareholders.
Bitfarms also highlighted that Riot’s actions are part of a broader strategy to acquire Bitfarms at a discounted price, rather than genuinely addressing governance issues. The upcoming special shareholder meeting on October 29, 2024, is expected to be a critical juncture in this ongoing feud.
🔥 Key Points 🔥
Bitfarms accuses Riot Platforms of attempting a hostile takeover.Riot Platforms demands further board changes and proposes new independent directors.Bitfarms defends its recent acquisition of Stronghold Digital Mining as a strategic move to diversify and enhance shareholder value.
Stay tuned for more updates on this developing story. Follow us for the latest news and insights, and don’t forget to comment below with your thoughts!
#Bitfarms #RiotPlatforms #CryptoNews #BoardroomBattle #HostileTakeover
#Bitfarms is set to invest nearly $240 million to enhance its #Bitcoin mining capabilities, aiming to triple its hash rate post #BitcoinHalving
This strategic upgrade includes acquiring 88,000 high-efficiency miners, aiming to increase productivity and profitability in the evolving #crypto mining landscape.
#Binance
This strategic upgrade includes acquiring 88,000 high-efficiency miners, aiming to increase productivity and profitability in the evolving #crypto mining landscape.
#Binance
⚡#Bitcoin miner #Bitfarms settled $21 million in debt from BlockFi with a single payment of $7.75 million in cash.
Source: #TheBlock
#crypto2023 #Web3 p
Source: #TheBlock
#crypto2023 #Web3 p
Bitfarms Expands in the US! 🇺🇸
please Vote me,
Bitfarms has officially launched its first major facility in Sharon,PA, with an impressive 120 MW power capacity! ⚡️ They've already secured 110 MW and plan to activate 30 MW more by the end of the year.
CEO Ben Gagnon is enthusiastic: "This site significantly enhances our presence in the US,advancing our ambitious growth strategy."
With intentions to lease an additional 10 MW site by 2025,Bitfarms is making significant strides!
What are your thoughts on Bitfarms' expansion? Share them below! 👇#CryptoNewss #BlackRockETHOptions #Bitfarms #bitcoin☀️
please Vote me,
Bitfarms has officially launched its first major facility in Sharon,PA, with an impressive 120 MW power capacity! ⚡️ They've already secured 110 MW and plan to activate 30 MW more by the end of the year.
CEO Ben Gagnon is enthusiastic: "This site significantly enhances our presence in the US,advancing our ambitious growth strategy."
With intentions to lease an additional 10 MW site by 2025,Bitfarms is making significant strides!
What are your thoughts on Bitfarms' expansion? Share them below! 👇#CryptoNewss #BlackRockETHOptions #Bitfarms #bitcoin☀️
The #Bitcoin mining industry is often misunderstood, particularly by retail investors who focus on basic metrics like $BTC size or holdings.
Rob Chang (CEO of Gryphon Digital Mining) emphasized the need for investors to develop a more sophisticated understanding of mining fundamentals.
George Tung (host of CryptosRUs) highlighted that by supporting miners, investors are supporting the Bitcoin network itself, as miners are essential to maintaining its security and decentralization.
While Bitcoin has risen 30% this year, #mining companies like #marathondigital and #Bitfarms have struggled, yet Tung noted that some mining stocks have outperformed Bitcoin in the short term, suggesting potential investment opportunities.
Rob Chang (CEO of Gryphon Digital Mining) emphasized the need for investors to develop a more sophisticated understanding of mining fundamentals.
George Tung (host of CryptosRUs) highlighted that by supporting miners, investors are supporting the Bitcoin network itself, as miners are essential to maintaining its security and decentralization.
While Bitcoin has risen 30% this year, #mining companies like #marathondigital and #Bitfarms have struggled, yet Tung noted that some mining stocks have outperformed Bitcoin in the short term, suggesting potential investment opportunities.
In its monthly update, #Bitfarms disclosed earning 156 #BTC in May, marking a 42% decrease from the previous month and a 66% drop year over year.
Of the total earned, 136 BTC were sold, resulting in proceeds of $8.9 million (down from $16.1 million in April), as part of the company’s routine treasury management.
The average of 24.5 BTC per EH/s saw a 45% decline in May, attributed to the transition to "post-halving economics."
Bitfarms recently made waves by turning down a nearly $1 billion acquisition proposal from #Riot Platforms.
#btc #bitcoin #Bitfarms
Of the total earned, 136 BTC were sold, resulting in proceeds of $8.9 million (down from $16.1 million in April), as part of the company’s routine treasury management.
The average of 24.5 BTC per EH/s saw a 45% decline in May, attributed to the transition to "post-halving economics."
Bitfarms recently made waves by turning down a nearly $1 billion acquisition proposal from #Riot Platforms.
#btc #bitcoin #Bitfarms
#Bitfarms Ltd. is fighting back against a hostile takeover bid by rival Riot Blockchain Inc. with a comprehensive defense plan. This includes a "poison pill" provision, making it harder for Riot to acquire a controlling stake. Bitfarms is also seeking strategic partners and exploring legal challenges to the bid, arguing it undervalues the company.
CEO Emiliano Grodzki expressed confidence in Bitfarms' future as an independent company. The battle between the two companies highlights the intensifying competition in the cryptocurrency mining industry.
#Bitfarms #BitfarmsMining #mining #writetoearn
CEO Emiliano Grodzki expressed confidence in Bitfarms' future as an independent company. The battle between the two companies highlights the intensifying competition in the cryptocurrency mining industry.
#Bitfarms #BitfarmsMining #mining #writetoearn
Crypto Clash: Bitfarms vs. Riot Platforms!
🚨 Breaking News 🚨
In a dramatic twist, Bitfarms has fired back at Riot Platforms, accusing them of self-interest in a heated board dispute. The conflict has escalated as Bitfarms claims Riot’s true motive is to acquire Bitfarms at a discounted price, benefiting Riot’s shareholders rather than Bitfarms’ own.
The Battle Unfolds:
Bitfarms’ Stand: Bitfarms asserts that Riot’s criticisms are misleading and aimed at undermining Bitfarms’ initiatives, such as the acquisition of Stronghold Digital Mining1.Riot’s Response: Riot Platforms has framed their actions as efforts to improve corporate governance at Bitfarms. However, Bitfarms argues that Riot’s real goal is to take over the company cheaply1.Leadership Changes: Bitfarms emphasizes that its recent board and leadership changes were made independently to enhance shareholder value, not for Riot’s benefit1.Public Criticism: Riot has declined to enter a non-disclosure agreement or propose a revised acquisition offer, instead resorting to public criticism1.
What’s Next? The tension between these two crypto giants is at an all-time high. With both companies vying for control and influence, the crypto community is watching closely. Will Bitfarms manage to fend off Riot’s advances, or will Riot succeed in their takeover bid?
Stay tuned for more updates on this unfolding saga. Don’t forget to follow us for the latest news and share your thoughts in the comments below!
#CryptoClash #Bitfarms #RiotPlatforms #CryptoNews #BoardDispute
What do you think about this intense boardroom battle? Share your thoughts and follow us for more breaking news! 🚀
In a dramatic twist, Bitfarms has fired back at Riot Platforms, accusing them of self-interest in a heated board dispute. The conflict has escalated as Bitfarms claims Riot’s true motive is to acquire Bitfarms at a discounted price, benefiting Riot’s shareholders rather than Bitfarms’ own.
The Battle Unfolds:
Bitfarms’ Stand: Bitfarms asserts that Riot’s criticisms are misleading and aimed at undermining Bitfarms’ initiatives, such as the acquisition of Stronghold Digital Mining1.Riot’s Response: Riot Platforms has framed their actions as efforts to improve corporate governance at Bitfarms. However, Bitfarms argues that Riot’s real goal is to take over the company cheaply1.Leadership Changes: Bitfarms emphasizes that its recent board and leadership changes were made independently to enhance shareholder value, not for Riot’s benefit1.Public Criticism: Riot has declined to enter a non-disclosure agreement or propose a revised acquisition offer, instead resorting to public criticism1.
What’s Next? The tension between these two crypto giants is at an all-time high. With both companies vying for control and influence, the crypto community is watching closely. Will Bitfarms manage to fend off Riot’s advances, or will Riot succeed in their takeover bid?
Stay tuned for more updates on this unfolding saga. Don’t forget to follow us for the latest news and share your thoughts in the comments below!
#CryptoClash #Bitfarms #RiotPlatforms #CryptoNews #BoardDispute
What do you think about this intense boardroom battle? Share your thoughts and follow us for more breaking news! 🚀
📈 This week saw 20 #VC investments in Web3, with a total value of $197.35M.
💸 While down from last week, the average deal size of $12M was impressive!
#VCInvestments #Web3🤝🥊🌐 #Bitfarms #Blur
💸 While down from last week, the average deal size of $12M was impressive!
#VCInvestments #Web3🤝🥊🌐 #Bitfarms #Blur
🔥 Bitcoin Mining Showdown: RIOT vs. Bitfarms Heats Up! 🔥
The battle for Bitcoin mining dominance in North America just got even more intense. Today, RIOT, holding a 19.9% stake in Bitfarms, sent a bold open letter to its rival. With the "special shareholders' meeting" approaching on October 29, RIOT is demanding that the current Bitfarms management stop protecting the board.
RIOT has been flexing its muscles, increasing its shareholdings and leading to the resignation of Bitfarms co-founders Emiliano Grodzki and Nicolas Bonta. Now, RIOT is pushing for more board changes, calling for "independent" members to join.
Bitfarms isn't backing down, arguing that RIOT's moves are all about its own interests, not those of the shareholders. RIOT recently offered $900 million to buy out Bitfarms, but the offer was rejected as too low.
As RIOT and Marathon battle for the top spot in U.S. Bitcoin mining, keep an eye on this drama—it's far from over!
#BitcoinMining #RIOT #Bitfarms #CryptoNews #Binance
The battle for Bitcoin mining dominance in North America just got even more intense. Today, RIOT, holding a 19.9% stake in Bitfarms, sent a bold open letter to its rival. With the "special shareholders' meeting" approaching on October 29, RIOT is demanding that the current Bitfarms management stop protecting the board.
RIOT has been flexing its muscles, increasing its shareholdings and leading to the resignation of Bitfarms co-founders Emiliano Grodzki and Nicolas Bonta. Now, RIOT is pushing for more board changes, calling for "independent" members to join.
Bitfarms isn't backing down, arguing that RIOT's moves are all about its own interests, not those of the shareholders. RIOT recently offered $900 million to buy out Bitfarms, but the offer was rejected as too low.
As RIOT and Marathon battle for the top spot in U.S. Bitcoin mining, keep an eye on this drama—it's far from over!
#BitcoinMining #RIOT #Bitfarms #CryptoNews #Binance
🚀 Bitfarms Teams Up with Stronghold to Supercharge Bitcoin Mining! 🚀
Bitfarms is making major moves in the crypto world by partnering with Stronghold Digital Mining! 💥 This exciting collaboration will accelerate Bitfarms' mining power, adding 10,000 miners and boosting computing capacity by a massive 2.2 EH/s at the Panther Creek facility in Pennsylvania, starting October 2024! ⚡
This partnership is a game-changer, allowing Bitfarms to tap into competitive energy costs while diversifying operations from Paraguay to the U.S. 🌍 With a focus on energy-efficient mining and new opportunities in AI and energy trading, Bitfarms is stepping up as a serious player in the Bitcoin mining world! 💪
By sharing 50% of the profits, both Bitfarms and Stronghold are set to win big from this deal, positioning Bitfarms as a leader in the industry! 🔥
#Bitfarms #BitcoinMining #Binance #BTC #Crypto $BTC
Bitfarms is making major moves in the crypto world by partnering with Stronghold Digital Mining! 💥 This exciting collaboration will accelerate Bitfarms' mining power, adding 10,000 miners and boosting computing capacity by a massive 2.2 EH/s at the Panther Creek facility in Pennsylvania, starting October 2024! ⚡
This partnership is a game-changer, allowing Bitfarms to tap into competitive energy costs while diversifying operations from Paraguay to the U.S. 🌍 With a focus on energy-efficient mining and new opportunities in AI and energy trading, Bitfarms is stepping up as a serious player in the Bitcoin mining world! 💪
By sharing 50% of the profits, both Bitfarms and Stronghold are set to win big from this deal, positioning Bitfarms as a leader in the industry! 🔥
#Bitfarms #BitcoinMining #Binance #BTC #Crypto $BTC
📣 Breaking News: Riot Plans to Acquire Rival Bitcoin Miner Bitfarms
Riot is reportedly targeting the acquisition of its competitor, Bitfarms, in a strategic move to consolidate its position in the Bitcoin mining industry. This potential acquisition aims to expand Riot's operational capacity and enhance its market share in the rapidly growing cryptocurrency sector. Stay tuned for more updates on this significant development in the Bitcoin mining landscape!
#Riot #Bitcoin #Bitfarms #Crypto #Mining $BTC
Riot is reportedly targeting the acquisition of its competitor, Bitfarms, in a strategic move to consolidate its position in the Bitcoin mining industry. This potential acquisition aims to expand Riot's operational capacity and enhance its market share in the rapidly growing cryptocurrency sector. Stay tuned for more updates on this significant development in the Bitcoin mining landscape!
#Riot #Bitcoin #Bitfarms #Crypto #Mining $BTC
#Bitfarms has accelerated its deployment of 2.2 EH/s in collaboration with @strongholdpay.
This partnership enhances Bitfarms’ mining capacity, leveraging its infrastructure to increase operational efficiency.
The expanded hash rate strengthens Bitfarms’ position in the crypto mining industry, allowing the company to benefit from economies of scale and optimize performance during a period of high Bitcoin mining activity.
This partnership enhances Bitfarms’ mining capacity, leveraging its infrastructure to increase operational efficiency.
The expanded hash rate strengthens Bitfarms’ position in the crypto mining industry, allowing the company to benefit from economies of scale and optimize performance during a period of high Bitcoin mining activity.
🔔 Breaking News: Bitfarms & Riot Platforms Reach Settlement!🔔
The dispute between **Bitfarms** and **Riot Platforms** has finally been settled! Under the new agreement, **Riot’s stake** in Bitfarms is **capped at 20%** unless approved by the board. Riot currently holds **19.9%**, effectively stopping its hostile takeover attempt.
Key Updates:
- **Andres Finkielsztain**, Bitfarms' co-founder, has stepped down from the board.
- **Amy Freedman**, a corporate governance expert, takes his place, signaling strategic shifts.
- The **special shareholder meeting** is delayed but will be held before **November 20** to address key decisions regarding the company's future.
💡 What’s Next for Bitfarms?
Moving forward, **Bitfarms** aims to **diversify** beyond Bitcoin mining and explore new ventures like **energy trading** and **high-performance computing**!
Stay tuned for further updates on this developing story! 🚀
#Bitfarms #RiotPlatforms #CryptoNews #BlockchainInnovation #FOMC
The dispute between **Bitfarms** and **Riot Platforms** has finally been settled! Under the new agreement, **Riot’s stake** in Bitfarms is **capped at 20%** unless approved by the board. Riot currently holds **19.9%**, effectively stopping its hostile takeover attempt.
Key Updates:
- **Andres Finkielsztain**, Bitfarms' co-founder, has stepped down from the board.
- **Amy Freedman**, a corporate governance expert, takes his place, signaling strategic shifts.
- The **special shareholder meeting** is delayed but will be held before **November 20** to address key decisions regarding the company's future.
💡 What’s Next for Bitfarms?
Moving forward, **Bitfarms** aims to **diversify** beyond Bitcoin mining and explore new ventures like **energy trading** and **high-performance computing**!
Stay tuned for further updates on this developing story! 🚀
#Bitfarms #RiotPlatforms #CryptoNews #BlockchainInnovation #FOMC
#Binance $1MBABYDOGE
Bitfarms prévoit d'augmenter son taux de hachage de 2,2 EH/s, ce qui aidera l'entreprise à consolider sa position parmi les principaux mineurs mondiaux. Pour atteindre cet objectif, la société augmente sa capacité et étend activement sa présence en Amérique du Nord. Cela leur permettra de miner plus de bitcoins alors que la concurrence dans l'industrie minière s'intensifie.
On dirait que Bitfarms se prépare à devenir un "costaud" dans le monde du minage! 💪💻
#Bitfarms
Bitfarms prévoit d'augmenter son taux de hachage de 2,2 EH/s, ce qui aidera l'entreprise à consolider sa position parmi les principaux mineurs mondiaux. Pour atteindre cet objectif, la société augmente sa capacité et étend activement sa présence en Amérique du Nord. Cela leur permettra de miner plus de bitcoins alors que la concurrence dans l'industrie minière s'intensifie.
On dirait que Bitfarms se prépare à devenir un "costaud" dans le monde du minage! 💪💻
#Bitfarms
🚨 Bitfarms Rejects Riot's Acquisition Offer Citing Undervaluation
Bitcoin mining firm Bitfarms has turned down Riot's acquisition proposal, claiming that the offer "significantly undervalued" the company. Bitfarms asserted that the proposal did not accurately reflect its market value and growth potential. Stay tuned for more updates on this unfolding story in the cryptocurrency mining sector!
#Bitfarms #Riot #Bitcoin #CryptoMining! #btc $BTC
Bitcoin mining firm Bitfarms has turned down Riot's acquisition proposal, claiming that the offer "significantly undervalued" the company. Bitfarms asserted that the proposal did not accurately reflect its market value and growth potential. Stay tuned for more updates on this unfolding story in the cryptocurrency mining sector!
#Bitfarms #Riot #Bitcoin #CryptoMining! #btc $BTC
