Riot Platforms called the recent board changes at Bitfarms a “step in the right direction,” but stressed that more change is needed.
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Riot Platforms continues navigating its complex relationship with Bitfarms while expanding its operations.
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Despite initially planning to buy all Bitfarms’ shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bitfarms’ current board was difficult.
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Riot’s $950 million buyout offer is met with resistance as Bitfarms’ stakeholders and special committee deem it undervalued and not in shareholders’ best interests.
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The plan, which passed after Bitfarms’ shareholder meeting, will complicate Riot’s effort but not necessarily stop it from succeeding.
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Tesla billionaire Elon Musk has offered to purchase Twitter for $41.4 billion, according to a Securities and Exchange Commission (SEC) filing published on Thursday. Musk also explained in his note that he believes Twitter should be a private company and he decided he wants “to acquire the company and take it private.” Elon Musk Offers […]
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The Steemit community is mired in controversy over the recent Tron takeover that managed to change the Steem blockchain’s governance. Steem witnesses attempted to soft fork the blockchain on February 24 to remove the powerful voting power Tron and Steemit hold. However, the soft fork wasn’t able to prevent the Tron takeover and Steemit community […]
The post Tron’s Steemit Acquisition Exposes Delegated-Proof-of-Stake Centralization appeared first on Bitcoin News.
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