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TheEnergyMag

Riot Nears 20% in Bitfarms, Close to Trigger ‘Poison Pill’

Riot Platforms has escalated its takeover efforts against rival bitcoin miner Bitfarms by increasing its stake to 19.9%, edging close to the 20% threshold that would activate Bitfarms’ poison pill defense. According to Riot’s filing on Wednesday, the company invested an additional $10 million since August 15 to acquire 4.5 million more shares of Bitfarms, […]

(opens on theenergymag.com)

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