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Coin Edition 2024-07-25 10:30:00

2024 Bitcoin Mining Merger? Riot Platforms Edges Closer to Bitfarms Acquisition After Court Win

The Ontario Capital Markets Tribunal has invalidated Bitfarms’ “poison pill” strategy designed to thwart Riot Platforms’ takeover bid. This strategy, formally known as a “rights plan,” was meant to prevent Riot’s $950 million buyout offer from proceeding. The tribunal’s decision halts Bitfarms’ attempts to fend off Riot’s acquisition by ceasing the rights plan immediately. Bitfarms, The post 2024 Bitcoin Mining Merger? Riot Platforms Edges Closer to Bitfarms Acquisition After Court Win appeared first on Coin Edition .

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