Bitcoin miner Riot Platforms has withdrawn its proposal to acquire Bitfarms and is now seeking to overhaul the board before making any further takeover attempts. Riot, which owns 14.9% of Bitfarms, is nominating three new board members to replace the current ones. The hostile takeover bid was made public last month when Riot offered to buy Bitfarms for $2.30 per share, which was quickly rejected.
Riot Platforms Drops Bitfarms Takeover Bid, Seeks Board Overhaul
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