Bitcoin miner Bitfarms has adopted a new “poison pill plan” designed to help prevent Riot Platforms from acquiring the company after the company won a lawsuit over its first shareholder rights plan, Foresight News reported.

Riot announced on Wednesday that the original poison pill plan implemented by the Bitfarms board of directors has been stopped immediately after an application was filed with the Ontario Capital Markets Tribunal. The adoption of the new poison pill plan still needs to be approved by the Toronto Stock Exchange, and Riot may apply to the court again to repeal the plan.

According to Foresight News, Bitfarms first adopted a shareholder rights plan, also known as a "poison pill plan," in June to prevent potential hostile takeover attempts by Riot Platforms. That is, if an entity holds more than 15% of Bitfarms' shares between June 20 and September 10, the company will issue new shares to dilute the entity's shares.