Overview

• Bitfarms has adopted a shareholder rights plan to protect the integrity of its strategic review process.
• Riot Platforms argues that the plan is a 'poison pill' and undermines shareholder interests.
• Bitfarms claims Riot's proposal undervalues the company and accuses Riot of not acting in good faith.
• Riot has called for the resignation of Bitfarms' Chairman Nicolas Bonta, citing governance concerns.
• Both companies continue to publicly dispute each other's actions and intentions.