Riot comments on bitfarms' adoption of shareholder-unfriendly poison pill

Castle rock, colo.--(business wire)--riot platforms, inc. (nasdaq: riot) (“riot”) today commented on the shareholder rights plan (the “poison pill”) unilaterally adopted by bitfarms ltd. (nasdaq/tsx: bitf) (“bitfarms” or the “company”), which takes immediate effect and effectively prevents any shareholder from acquiring 15% or more of bitfarms' common shares without making a formal take-over bid for all of the company's shares. the 15% trigger is in direct conflict with established legal and go.
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