Bitfarms and Riot Platforms Clash Over Strategic Review and Governance

Bitfarms defends its shareholder rights plan while Riot Platforms criticizes it as a 'poison pill' and calls for board changes.

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.