M&A
Months after Riot’s so-called hostile takeover bid of Bitfarms, the two bitcoin miners forge an agreement
Riot Platforms is attempting to acquire Bitfarms at a discounted price, the company alleged in a Wednesday statement
Bitfarms should not enter into any transaction before its October shareholder meeting, Riot says in an open letter
Asset manager Bitwise has been active this month, revealing deals to acquire ETP issuer ETC Group and the assets within the Osprey Bitcoin Trust
Plus, State Street continues its journey to be “the bridge between traditional finance and digital innovation”
The Canadian company hopes to reach 950 megawatts of power capacity by the end of 2025 via its deal with New York-based Stronghold Digital Mining
The acquisition is set to bring nine European-listed crypto ETPs under San Francisco-based Bitwise’s brand
Riot Platforms, which owns 16.9% of Bitfarms’ stock, previously called for a vote to replace Nicolas Bonta with another board director
Riot Platforms called for the meeting after seeking to acquire Bitfarms via a deal the company ultimately rejected
The promotion of Ben Gagnon comes after Riot called a shareholder meeting to try to remove members of Bitfarms’ board
The company intends to grow its mining capacity to 400 megawatts in the state by 2026
Colorado-based miner is still “completely committed to pursuing a transaction” with its Canadian competitor after deal rejection
The purchase of five sites in Georgia set to help CleanSpark hit its mid-year operating hash rate target of 20 EH/s
Bitfarms’ latest shareholder rights plan does not preclude Riot from making unsolicited takeover bids, company says
Bitfarms’ new shareholder rights plan to “preserve the integrity” of the strategic review process that Riot seeks to “undermine,” company claims
Robinhood announced on Thursday that it plans to acquire Bitstamp for $200 million
The miner appears well positioned to defend itself against Riot’s current proposal, Architect Partners executive says — and Bitfarms says others are interested
The company is making public a previously private offer rejected by Bitfarms’ board of directors last month
Stronghold Digital Mining’s market value compared to its peers is “hard for us to understand,” CEO says
Marathon Digital and Riot Platforms each have more than $1 billion in cash and BTC to deploy, while CleanSpark has said it could be “one of the most aggressive acquirers”
Though some expect most public miners to survive the halving, the segment’s most vulnerable could fall victim to consolidations and defaults
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