Mining Merger Case Continues to Roil Riot Strikes Back at Bitfarms Increases Stake to 14 No Communication Between Both Parties

Bitcoin mining company Riot Platforms revealed in a statement yesterday that it has increased its holdings of 1.43 million shares in Bitfarms, accounting for approximately 14% of the latter’s shares, approaching the 15% threshold for triggering Bitfarms’ anti-takeover measures. A few days ago, Riot also criticized Bitfarms for not communicating with them, indicating serious internal governance issues.