Bitfarms postpones shareholders meeting until November 6 to review Riot Platforms revised request

According to TechFlow, Bitfarms, a US-listed Bitcoin mining company, announced that it would postpone its special shareholders' meeting by one week, from October 29 to November 6, in order to re-evaluate Riot Platforms' revised request.

The shareholders' meeting was originally scheduled for June 24 at the request of Riot Platforms.

In April this year, Riot attempted to acquire Bitfarms for approximately $950 million and has since been increasing its stake in Bitfarms, currently holding approximately 19.9% ​​of the shares, becoming its largest shareholder. The Bitfarms Special Committee proposed to add a mutually agreed director nominee, expand the size of the board to six, and include a ceasefire and other customary terms.