ChainCatcher reported that according to Cointelegraph, Riot Platforms, Inc., the largest shareholder of mining company Bitfarms Ltd., has sent an open letter to Bitfarms shareholders, calling for further changes to the company's board of directors.
The upcoming shareholder meeting is scheduled for October 29. At this meeting, Riot will promote reforms to improve corporate governance and enhance value for all shareholders. Bitfarms is a Canada-based public company focused on the cryptocurrency industry, with a particular focus on Bitcoin mining.
Riot, which holds a 19.9% stake in the bitcoin mining-focused company, acknowledged recent changes to its board, including the resignation of co-founders Emiliano Grodzki and Nicolas Bonta.