Bitfarms
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The #Bitcoin mining industry is often misunderstood, particularly by retail investors who focus on basic metrics like $BTC size or holdings.
Rob Chang (CEO of Gryphon Digital Mining) emphasized the need for investors to develop a more sophisticated understanding of mining fundamentals.
George Tung (host of CryptosRUs) highlighted that by supporting miners, investors are supporting the Bitcoin network itself, as miners are essential to maintaining its security and decentralization.
While Bitcoin has risen 30% this year, #mining companies like #marathondigital and #Bitfarms have struggled, yet Tung noted that some mining stocks have outperformed Bitcoin in the short term, suggesting potential investment opportunities.
Rob Chang (CEO of Gryphon Digital Mining) emphasized the need for investors to develop a more sophisticated understanding of mining fundamentals.
George Tung (host of CryptosRUs) highlighted that by supporting miners, investors are supporting the Bitcoin network itself, as miners are essential to maintaining its security and decentralization.
While Bitcoin has risen 30% this year, #mining companies like #marathondigital and #Bitfarms have struggled, yet Tung noted that some mining stocks have outperformed Bitcoin in the short term, suggesting potential investment opportunities.
🚨 BREAKING NEWS: Bitfarms Responds to Riot Platforms’ Criticism! 🚨
The crypto world is buzzing as Bitfarms fires back at Riot Platforms amid an escalating boardroom battle. Bitfarms has issued a strong rebuttal to Riot Platforms’ criticisms, accusing its rival of self-interest and misleading claims.
Riot Platforms, the largest shareholder of Bitfarms, has been pushing for significant changes in Bitfarms’ board of directors, claiming that the company’s corporate governance is broken. In response, Bitfarms has defended its recent board and leadership changes, stating that these decisions were made independently and in the best interest of all shareholders.
Bitfarms also highlighted that Riot’s actions are part of a broader strategy to acquire Bitfarms at a discounted price, rather than genuinely addressing governance issues. The upcoming special shareholder meeting on October 29, 2024, is expected to be a critical juncture in this ongoing feud.
🔥 Key Points 🔥
Bitfarms accuses Riot Platforms of attempting a hostile takeover.Riot Platforms demands further board changes and proposes new independent directors.Bitfarms defends its recent acquisition of Stronghold Digital Mining as a strategic move to diversify and enhance shareholder value.
Stay tuned for more updates on this developing story. Follow us for the latest news and insights, and don’t forget to comment below with your thoughts!
#Bitfarms #RiotPlatforms #CryptoNews #BoardroomBattle #HostileTakeover
The crypto world is buzzing as Bitfarms fires back at Riot Platforms amid an escalating boardroom battle. Bitfarms has issued a strong rebuttal to Riot Platforms’ criticisms, accusing its rival of self-interest and misleading claims.
Riot Platforms, the largest shareholder of Bitfarms, has been pushing for significant changes in Bitfarms’ board of directors, claiming that the company’s corporate governance is broken. In response, Bitfarms has defended its recent board and leadership changes, stating that these decisions were made independently and in the best interest of all shareholders.
Bitfarms also highlighted that Riot’s actions are part of a broader strategy to acquire Bitfarms at a discounted price, rather than genuinely addressing governance issues. The upcoming special shareholder meeting on October 29, 2024, is expected to be a critical juncture in this ongoing feud.
🔥 Key Points 🔥
Bitfarms accuses Riot Platforms of attempting a hostile takeover.Riot Platforms demands further board changes and proposes new independent directors.Bitfarms defends its recent acquisition of Stronghold Digital Mining as a strategic move to diversify and enhance shareholder value.
Stay tuned for more updates on this developing story. Follow us for the latest news and insights, and don’t forget to comment below with your thoughts!
#Bitfarms #RiotPlatforms #CryptoNews #BoardroomBattle #HostileTakeover
Crypto Clash: Bitfarms vs. Riot Platforms!
🚨 Breaking News 🚨
In a dramatic twist, Bitfarms has fired back at Riot Platforms, accusing them of self-interest in a heated board dispute. The conflict has escalated as Bitfarms claims Riot’s true motive is to acquire Bitfarms at a discounted price, benefiting Riot’s shareholders rather than Bitfarms’ own.
The Battle Unfolds:
Bitfarms’ Stand: Bitfarms asserts that Riot’s criticisms are misleading and aimed at undermining Bitfarms’ initiatives, such as the acquisition of Stronghold Digital Mining1.Riot’s Response: Riot Platforms has framed their actions as efforts to improve corporate governance at Bitfarms. However, Bitfarms argues that Riot’s real goal is to take over the company cheaply1.Leadership Changes: Bitfarms emphasizes that its recent board and leadership changes were made independently to enhance shareholder value, not for Riot’s benefit1.Public Criticism: Riot has declined to enter a non-disclosure agreement or propose a revised acquisition offer, instead resorting to public criticism1.
What’s Next? The tension between these two crypto giants is at an all-time high. With both companies vying for control and influence, the crypto community is watching closely. Will Bitfarms manage to fend off Riot’s advances, or will Riot succeed in their takeover bid?
Stay tuned for more updates on this unfolding saga. Don’t forget to follow us for the latest news and share your thoughts in the comments below!
#CryptoClash #Bitfarms #RiotPlatforms #CryptoNews #BoardDispute
What do you think about this intense boardroom battle? Share your thoughts and follow us for more breaking news! 🚀
In a dramatic twist, Bitfarms has fired back at Riot Platforms, accusing them of self-interest in a heated board dispute. The conflict has escalated as Bitfarms claims Riot’s true motive is to acquire Bitfarms at a discounted price, benefiting Riot’s shareholders rather than Bitfarms’ own.
The Battle Unfolds:
Bitfarms’ Stand: Bitfarms asserts that Riot’s criticisms are misleading and aimed at undermining Bitfarms’ initiatives, such as the acquisition of Stronghold Digital Mining1.Riot’s Response: Riot Platforms has framed their actions as efforts to improve corporate governance at Bitfarms. However, Bitfarms argues that Riot’s real goal is to take over the company cheaply1.Leadership Changes: Bitfarms emphasizes that its recent board and leadership changes were made independently to enhance shareholder value, not for Riot’s benefit1.Public Criticism: Riot has declined to enter a non-disclosure agreement or propose a revised acquisition offer, instead resorting to public criticism1.
What’s Next? The tension between these two crypto giants is at an all-time high. With both companies vying for control and influence, the crypto community is watching closely. Will Bitfarms manage to fend off Riot’s advances, or will Riot succeed in their takeover bid?
Stay tuned for more updates on this unfolding saga. Don’t forget to follow us for the latest news and share your thoughts in the comments below!
#CryptoClash #Bitfarms #RiotPlatforms #CryptoNews #BoardDispute
What do you think about this intense boardroom battle? Share your thoughts and follow us for more breaking news! 🚀
🔥 Bitcoin Mining Showdown: RIOT vs. Bitfarms Heats Up! 🔥
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 drama—it's far from over!
#BitcoinMining #RIOT #Bitfarms #CryptoNews #Binance
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 drama—it's far from over!
#BitcoinMining #RIOT #Bitfarms #CryptoNews #Binance
Bitfarms Expands in the US! 🇺🇸
please Vote me,
Bitfarms has officially launched its first major facility in Sharon,PA, with an impressive 120 MW power capacity! ⚡️ They've already secured 110 MW and plan to activate 30 MW more by the end of the year.
CEO Ben Gagnon is enthusiastic: "This site significantly enhances our presence in the US,advancing our ambitious growth strategy."
With intentions to lease an additional 10 MW site by 2025,Bitfarms is making significant strides!
What are your thoughts on Bitfarms' expansion? Share them below! 👇#CryptoNewss #BlackRockETHOptions #Bitfarms #bitcoin☀️
please Vote me,
Bitfarms has officially launched its first major facility in Sharon,PA, with an impressive 120 MW power capacity! ⚡️ They've already secured 110 MW and plan to activate 30 MW more by the end of the year.
CEO Ben Gagnon is enthusiastic: "This site significantly enhances our presence in the US,advancing our ambitious growth strategy."
With intentions to lease an additional 10 MW site by 2025,Bitfarms is making significant strides!
What are your thoughts on Bitfarms' expansion? Share them below! 👇#CryptoNewss #BlackRockETHOptions #Bitfarms #bitcoin☀️
In its monthly update, #Bitfarms disclosed earning 156 #BTC in May, marking a 42% decrease from the previous month and a 66% drop year over year.
Of the total earned, 136 BTC were sold, resulting in proceeds of $8.9 million (down from $16.1 million in April), as part of the company’s routine treasury management.
The average of 24.5 BTC per EH/s saw a 45% decline in May, attributed to the transition to "post-halving economics."
Bitfarms recently made waves by turning down a nearly $1 billion acquisition proposal from #Riot Platforms.
#btc #bitcoin #Bitfarms
Of the total earned, 136 BTC were sold, resulting in proceeds of $8.9 million (down from $16.1 million in April), as part of the company’s routine treasury management.
The average of 24.5 BTC per EH/s saw a 45% decline in May, attributed to the transition to "post-halving economics."
Bitfarms recently made waves by turning down a nearly $1 billion acquisition proposal from #Riot Platforms.
#btc #bitcoin #Bitfarms
📈 This week saw 20 #VC investments in Web3, with a total value of $197.35M.
💸 While down from last week, the average deal size of $12M was impressive!
#VCInvestments #Web3🤝🥊🌐 #Bitfarms #Blur
💸 While down from last week, the average deal size of $12M was impressive!
#VCInvestments #Web3🤝🥊🌐 #Bitfarms #Blur
#Bitfarms is set to invest nearly $240 million to enhance its #Bitcoin mining capabilities, aiming to triple its hash rate post #BitcoinHalving
This strategic upgrade includes acquiring 88,000 high-efficiency miners, aiming to increase productivity and profitability in the evolving #crypto mining landscape.
#Binance
This strategic upgrade includes acquiring 88,000 high-efficiency miners, aiming to increase productivity and profitability in the evolving #crypto mining landscape.
#Binance
**Just In 🚨**: Bitcoin mining company Bitfarms reported that it mined 411 BTC in September and subsequently sold 362 BTC for $9.5 million. As of the end of September, Bitfarms holds a total of 703 BTC. #Bitfarms #BitcoinMining #BTC #Cryptocurrency
⚡#Bitcoin miner #Bitfarms settled $21 million in debt from BlockFi with a single payment of $7.75 million in cash.
Source: #TheBlock
#crypto2023 #Web3 p
Source: #TheBlock
#crypto2023 #Web3 p
🚨 Bitfarms Rejects Riot's Acquisition Offer Citing Undervaluation
Bitcoin mining firm Bitfarms has turned down Riot's acquisition proposal, claiming that the offer "significantly undervalued" the company. Bitfarms asserted that the proposal did not accurately reflect its market value and growth potential. Stay tuned for more updates on this unfolding story in the cryptocurrency mining sector!
#Bitfarms #Riot #Bitcoin #CryptoMining! #btc $BTC
Bitcoin mining firm Bitfarms has turned down Riot's acquisition proposal, claiming that the offer "significantly undervalued" the company. Bitfarms asserted that the proposal did not accurately reflect its market value and growth potential. Stay tuned for more updates on this unfolding story in the cryptocurrency mining sector!
#Bitfarms #Riot #Bitcoin #CryptoMining! #btc $BTC
#Bitfarms Ltd. is fighting back against a hostile takeover bid by rival Riot Blockchain Inc. with a comprehensive defense plan. This includes a "poison pill" provision, making it harder for Riot to acquire a controlling stake. Bitfarms is also seeking strategic partners and exploring legal challenges to the bid, arguing it undervalues the company.
CEO Emiliano Grodzki expressed confidence in Bitfarms' future as an independent company. The battle between the two companies highlights the intensifying competition in the cryptocurrency mining industry.
#Bitfarms #BitfarmsMining #mining #writetoearn
CEO Emiliano Grodzki expressed confidence in Bitfarms' future as an independent company. The battle between the two companies highlights the intensifying competition in the cryptocurrency mining industry.
#Bitfarms #BitfarmsMining #mining #writetoearn
📣 Breaking News: Riot Plans to Acquire Rival Bitcoin Miner Bitfarms
Riot is reportedly targeting the acquisition of its competitor, Bitfarms, in a strategic move to consolidate its position in the Bitcoin mining industry. This potential acquisition aims to expand Riot's operational capacity and enhance its market share in the rapidly growing cryptocurrency sector. Stay tuned for more updates on this significant development in the Bitcoin mining landscape!
#Riot #Bitcoin #Bitfarms #Crypto #Mining $BTC
Riot is reportedly targeting the acquisition of its competitor, Bitfarms, in a strategic move to consolidate its position in the Bitcoin mining industry. This potential acquisition aims to expand Riot's operational capacity and enhance its market share in the rapidly growing cryptocurrency sector. Stay tuned for more updates on this significant development in the Bitcoin mining landscape!
#Riot #Bitcoin #Bitfarms #Crypto #Mining $BTC
