BITF Stock Alert: Riot Platforms Is Changing Its Approach to Take Over Bitfarms

Group 1 - Riot Platforms is pursuing a direct engagement with Bitfarms shareholders, calling for a special shareholder meeting to discuss its acquisition plans [1][2][6] - The company has withdrawn its previous offer of $2.30 per share for all outstanding Bitfarms shares after the offer was rejected by Bitfarms' board [5] - Riot Platforms aims to replace three current Bitfarms board members with independent directors, leveraging its position as the largest investor with a 14.9% stake [6][7] Group 2 - Following Riot Platforms' actions, Bitfarms' stock (BITF) has decreased by 6.1%, with over 12 million shares traded, which is below its daily average of approximately 22 million shares [7]