Bitfarms Rejects Riot’s Takeover Bid, Seeks Value Maximization
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Bitfarms Rejects Riot’s Takeover Bid, Seeks Value Maximization

Bitfarms (TSE:BITF) has released an update.

Bitfarms Ltd. has issued a statement affirming its commitment to maximizing shareholder value amid unsolicited acquisition proposals, particularly highlighting a low-ball bid from Riot Platforms, Inc. The company’s Special Committee, formed to evaluate such proposals, has rejected Riot’s offer as undervaluing Bitfarms and not acting in good faith. Meanwhile, Bitfarms continues its strategic alternatives review process, aiming to safeguard shareholder interests and pursue value-maximizing opportunities.

For further insights into TSE:BITF stock, check out TipRanks’ Stock Analysis page.

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