Riot Platforms made headlines by announcing an offer to acquire its competitor, Bitfarms, with a premium over its share price. Riot, already the largest shareholder of Bitfarms with a 9.25% stake, proposed a buyout deal valued at $950 million, offering a combination of cash and common stock. The offer, representing a 24% premium over Bitfarms' average share price, comes at a time when Bitfarms is undergoing management changes and seeking a new CEO.