Overview
- Riot Platforms calls for a special meeting of Bitfarms shareholders to vote on new board nominees.
- The nominees include John Delaney, Amy Freedman, and Ralph Goehring, all independent of both companies.
- Riot holds a nearly 15% stake in Bitfarms and aims to address what it sees as poor corporate governance.
- Bitfarms previously rejected Riot's $950 million buyout offer and adopted a poison pill strategy.
- Riot believes a merger would create the largest publicly listed bitcoin miner, positioned for long-term growth.