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Riot Platforms mined 412 Bitcoin in September, marking a 28% increase over the previous month. This rise in production was driven by higher operating capacity at their mining facilities, which include sites in Texas and Kentucky, according to a company…
BTC
Bitcoin
News
H.C. Wainwright analysts believe Bitfarms’ stock is set for growth following a settlement with Riot Platforms that ends a six-month-long hostile takeover attempt. Earlier on Sept. 23, Bitfarms and Riot Platforms reached an agreement to end Riot’s bid to take…
BTC
Bitcoin
News
Bitfarms has reached a settlement agreement with Riot Platforms ahead of the company’s special shareholder meeting in November. The Canada-based Bitcoin (BTC) mining firm revealed the settlement with its rival in an announcement on Sept. 23. Under the terms of…
BTC
Bitcoin
Follow-up
Bitfarms has rescheduled its special shareholder meeting as part of the company’s response to the latest developments from Riot Platforms. The rescheduling will offer Bitfarms’ Special Committee time to review and respond to a recent request from Bitcoin (BTC) miner…
BTC
Bitcoin
News
Bitfarms has questioned the qualifications of Riot Platforms’ proposed board nominees, accusing Riot of using governance reforms as a cover for a takeover attempt. Canadian Bitcoin (BTC) miner Bitfarms has pushed back against its rival Riot Platforms‘ proposed board changes,…
News
Bitfarms sold over 60% of August Bitcoin production amid rising network difficulty. Canadian Bitcoin (BTC) miner Bitfarms announced that it sold nearly 63% of the Bitcoin it mined in August, amounting to 147 BTC out of the 233 BTC generated…
BTC
Bitcoin
News
Riot Platforms urges Bitfarms shareholders to back further board changes, warning the company against moves to entrench its current board. Bitcoin (BTC) miner Riot Platforms urged Bitfarms‘ shareholders to support further changes to the company’s board at the upcoming Oct.…
BTC
Bitcoin
News
H.C. Wainwright analyst Mike Colonesse described Bitfarms’ agreement to acquire Stronghold Digital Mining as “a transformational acquisition.” The analyst commented on the Bitcoin (BTC) miner’s potential to benefit from the Stronghold acquisition in a note shared with crypto.news on Aug.…
BTC
Bitcoin
News
Cryptocurrency mining giant Bitfarms has entered a definitive merger agreement to acquire Stronghold in a stock-for-stock merger transaction. Canadian crypto miner Bitfarms is set to acquire its U.S.-based rival Stronghold Digital in a transaction valued at approximately $175 million, including…
News
Riot continues to push its acquisition efforts, having recently acquired $2.2 million in Bitfarms shares. Riot Platforms has announced the purchase of 1 million common shares of its rival Bitfarms, raising its stake in the Canadian Bitcoin mining firm to…
News
Bitcoin mining firm Bitfarms has announced leadership changes amid ongoing regulatory and takeover bid challenges. Canadian public Bitcoin mining firm Bitfarms disclosed updates to its board of directors and executive team as it navigates ongoing regulatory challenges and a recent…
News
Canadian Bitcoin mining firm Bitfarms revealed in its Q2 financial results, featuring it is still on track to achieve guidance of 21 EH/s in 2024. Bitcoin mining firm Bitfarms saw its shares surge over 20% late Aug. 8, following the…
BTC
Bitcoin
News
Semler Scientific is increasing its Bitcoin reserve with a $3 million purchase, bringing its total holdings to 929 BTC. Publicly traded medical device maker Semler Scientific is doubling down on its corporate strategy focused on buying Bitcoin (BTC), with the…
BTC
Bitcoin
News
Riot Platforms has increased its acquisition efforts of Bitfarms by buying over 10 million more shares this month. According to a filing with the US Securities and Exchange Commission on July 31, Riot, a Bitcoin (BTC) mining company, now owns…
BTC
Bitcoin
News
The Ontario Capital Markets Tribunal has terminated Bitfarms’ first “poison pill” adopted to fend off a potential takeover attempt by rival Riot Platforms. A division of the Ontario Securities Commission, the Ontario Capital Markets Tribunal, ceased the shareholder rights plan…
BTC
Bitcoin
News
Despite recent takeover attempts and staff changes, analysts at H.C. Wainwright believe that Bitfarms’ future is bright. On Wednesday, Bitcoin mining company Bitfarms hosted a virtual fireside chat featuring newly appointed CEO Ben Gagnon and CFO Jeff Lucas. This event…
BTC
Bitcoin
Feature
