๐ฅ Hot off the press! A showdown is brewing in the wild west of Bitcoin mining. Canadian miner, Bitfarms, is accusing Colorado's Riot Platforms of a hostile takeover attempt. Riot's $950 million buyout offer was met with a cold shoulder from Bitfarms stakeholders, who weren't keen on parting with over 15% of their stake. Riot then upped the ante by buying six million Bitfarms shares for $111 million, raising its stake to 13.1%. Bitfarms cried foul, claiming Riot was trying to "short circuit" the acquisition process. Meanwhile, Bitfarms' interim president is under fire for alleged poor governance. Stay tuned for more drama from the crypto corral! ๐ฟ
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