đ„ Bitcoin Mining Showdown: RIOT vs. Bitfarms Heats Up! đ„
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 dramaâit's far from over!
