Bitfarms and Riot Platforms Reach Settlement, Amy Freedman Joins Board

The agreement includes board changes and standstill provisions following Riot's hostile takeover attempts.

Bitfarms has appointed Amy Freedman to its Board of Directors and its Governance and Nominating and Compensation Committees.
Riot Platforms has agreed to withdraw its requisition to replace several Bitfarms board members and will support the nomination of an independent director at the upcoming Special Meeting.
Andrés Finkielsztain has resigned from the Bitfarms board, marking a significant leadership change.
The settlement grants Riot certain rights to purchase additional Bitfarms shares, provided its ownership remains above 15%.
Both companies view the settlement as a step toward creating shareholder value and enhancing corporate governance.