Bitfarms (TSE:BITF) has released an update.
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Bitfarms Ltd., a leader in Bitcoin data center operations, has postponed its Special Meeting of shareholders to November 6, 2024, to address an Amended Requisition by competitor Riot Platforms, Inc. The delay allows the Bitfarms Special Committee more time to consider Riot’s proposals and inform shareholders for the upcoming vote. Meanwhile, Bitfarms is attempting to negotiate with Riot to avoid a costly proxy contest and protect shareholder interests.
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