Bitfarms responds to Riot Platforms’ proposed board changes. Riot Platforms called the recent board changes at Bitfarms a “step in the right direction,” but stressed that more change is needed. Mining company Bitfarms has responded to Riot Platforms’ open letter to shareholders criticizing its recent board of directors changes and characterizing its corporate governance as “broken.” https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1725474351996-YAKIHONNES3.webp *A snapshot of Bitfarms stock. Source: TradingView*
Rejection of Riot's Claims: Bitfarms firmly rejected Riot's assertions regarding its governance, stating that the changes made to its board were independent decisions aimed at enhancing shareholder value, not influenced by Riot's interests. The company emphasized its commitment to acting in the best interests of all shareholders.
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