- Bitfarms (TSX:BITF), a global Bitcoin mining stock, has rejected an acquisition proposal from competitor Riot Platforms (NASDAQ:RIOT) to create the world’s largest publicly listed Bitcoin miner, citing the low-ball nature of the offer
- The proposal has led to other unsolicited offers Bitfarms is currently considering
- Riot Platforms stock has given back 14.05 per cent year-over-year, but has gained 219.14 per cent since 2019
- Bitfarms stock has added 85.80 per cent year-over-year, but only 38.07 per cent since 2019
Bitfarms (TSX:BITF), a global Bitcoin mining stock, has rejected an acquisition proposal from competitor Riot Platforms (NASDAQ:RIOT) to create the world’s largest publicly listed Bitcoin miner, citing the low-ball nature of the offer.
A special committee of Bitfarms independent directors reviewed the proposal and determined that it “significantly undervalues the…
