Bitfarms (TSE:BITF) has released an update.
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Bitfarms Ltd., a major player in the Bitcoin mining sector, has rejected an acquisition proposal from Riot Platforms, citing the offer as undervaluing the company’s potential and growth prospects. The company’s Special Committee is exploring strategic alternatives to maximize shareholder value, including potential business combinations or a sale. Bitfarms is confidently proceeding with its expansion plans, aiming to achieve a significant increase in hashrate and efficiency by 2024, which it believes will greatly enhance shareholder value.
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