• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Riot Platforms Calls Bitfarms Shareholders to Support Board Changes

user avatar

by Giorgi Kostiuk

10 months ago


  1. Riot Platforms' Appeal
  2. Criticism of Current Practices
  3. Proposed Changes and Implications

  4. Riot Platforms, the largest shareholder of Bitfarms, has called on shareholders to support changes to the board of directors at the special meeting on October 29. Riot Platforms claims that such steps are necessary to improve the company's governance and increase shareholder value.

    Riot Platforms' Appeal

    On September 3, Riot Platforms, which owns a 19.9% stake in Bitfarms, expressed concerns over the company's governance practices, stating the need for fresh perspectives to enhance shareholder value.

    Bitfarms needs additional truly independent directors with the experience and expertise to ensure that decisions about the company’s strategy moving forward reflect what is best for all shareholders.

    Criticism of Current Practices

    Riot Platforms criticized Bitfarms' tactics to entrench its current board, including the recent acquisition of Stronghold Digital Mining Inc for $175 million. Riot suggests that the agreement benefits only the legacy directors.

    Proposed Changes and Implications

    While Bitfarms has already made changes to its board, Riot Platforms considers them insufficient. Riot proposes replacing two current board members with Amy Freedman and John Delaney and warns the company against actions that could negatively impact all shareholders.

    Riot Platforms continues to advocate for substantial changes in Bitfarms' governance to increase the company's value for all shareholders. The proposed solutions are expected to be discussed at the special meeting on October 29.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Court Ruling on Tornado Cash: Roman Storm Barred from Using Sanctions Evidence

chest

Court ruling alters the case of Roman Storm related to Tornado Cash, excluding OFAC sanctions evidence.

user avatarGiorgi Kostiuk

Surge in Bitcoin and Ethereum ETF Investments Reaches $634M in July 2025

chest

BlackRock and Fidelity have increased their Bitcoin and Ethereum ETF holdings, demonstrating rising institutional interest in cryptocurrencies.

user avatarGiorgi Kostiuk

Outflow Metric of Binance: Possible Bitcoin Price Changes

chest

Changes in Binance metrics may predict Bitcoin price volatility. Experts highlight potential institutional interest.

user avatarGiorgi Kostiuk

CRO Soars, Bitcoin Stays Flat: Cryptocurrency Market Overview

chest

Cryptocurrency prices: CRO rises over 15%, while Bitcoin remains in the $107,600 - $109,300 range.

user avatarGiorgi Kostiuk

Analyzing SUI Trends: Are We on the Verge of a New Breakout?

chest

Current charts indicate a potential price surge for SUI cryptocurrency to $11.50 in the coming months.

user avatarGiorgi Kostiuk

Samson Mow Discusses Bitcoin's Potential to Reach $1 Million

chest

Samson Mow shared insights on how Bitcoin might hit $1 million soon due to hyperbitcoinization trends.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.