- Riot Platforms (NASDAQ:RIOT), a leading U.S. Bitcoin miner, is on a quest to acquire its competitor, Bitfarms (TSX:BITF), whose global operations would make it the world’s largest publicly listed Bitcoin miner
- Bitfarms has resisted, citing Riot’s undervalued offer, as it considers other existing offers under non-disclosure agreements
- The speculative nature of Bitcoin as an investment shades the transaction in unavoidable uncertainty
- Riot Platforms stock has added 5.19 per cent year-over-year and 294.54 per cent since 2019
Riot Platforms (NDAQ:RIOT), a leading U.S. Bitcoin miner, is on a quest to acquire its competitor, Bitfarms (TSX:BITF), whose global operations would make it the world’s largest publicly listed Bitcoin miner.
Riot’s efforts include openly questioning the capabilities and intentions of Bitfarms’ board after the…
