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2024-05-28 17:31:23 UTC

The Bitcoin Community Newsletter on Nostr: Riot Platforms buys 9.25% stake in Bitfarms following rejected takeover offer. ...

Riot Platforms buys 9.25% stake in Bitfarms following rejected takeover offer.

Bitcoin mining firm Bitfarms rejected Riot Platforms’ $950 million acquisition proposal to buy out all of the company’s outstanding stock.

However, Riot Platforms noted that it has successfully purchased a 9.25% stake in the firm, making it one of the largest shareholders.