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Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board

Riot, which became Bitfarms’ largest shareholder and owns 14.9% of the company, called for a special meeting to remove Bitfarms’ Chairman and interim CEO Nicolas Bonta, director AndrĂ©s Finkielsztain and anyone who might fill the vacancy created by the resignation of co-founder Emiliano Grodzki. Riot will also look to remove any additional director appointed by the current board of Bitfarms after today.

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