Riot proposes to acquire bitfarms for us$2.30 per share to create the world's largest publicly listed bitcoin miner

Castle rock, colo.--(business wire)--riot platforms, inc. (nasdaq: riot) (“riot” or the “company”) today announced that it has made a proposal to the bitfarms board of directors (the “bitfarms board”) to acquire all of the outstanding shares of bitfarms ltd. (nasdaq/tsx: bitf) (“bitfarms”) at a price of us$2.30 per bitfarms common share (the “proposal”). riot also announced that it has accumulated a 9.25% stake in bitfarms to become bitfarms' largest shareholder. the proposal represents a 24% p.
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