Riot Platforms, Bitfarms Settle Dispute

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Riot Platforms Inc

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Riot Platforms & Bitfarms Announce Settlement, Stock Price Jump Inbound?

Summary

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68% Informative

Bitcoin miners Riot Platforms Inc. and Bitfarms have reached a settlement agreement after months of hostile negotiations following the former’s planned takeover bid.

At press time, both companies’ stock prices are out of the red zone with some market participants projecting movements with other stocks.

The agreement includes changes to the board structure described by parties as a significant step to the future.

Riot Platform's attempted takeover bid led to several back-and-forths between both Bitcoin miners.

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formal

Language

English

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Offensive language