Bitcoin miner Bitfarms sets vote date on Riot's attempted takeover step. Bitcoin miner Bitfarms has set Oct. 29, 2024, as the date for a special meeting of its shareholders to vote on reconstituting its board of directors following Riot Platforms’ requisition for the meeting on June 24. Bitfarms shareholders as of the record date of Sept. 26, 2024, are entitled to vote at the meeting, the firm said in a statement on Friday, but are not required to take any action at this time. A special committee of independent directors of the board reviewed the requisition with the assistance of financial and legal advisors and unanimously decided on the meeting and record date, Bitfarms said.
Bitcoin mining company Bitfarms has scheduled a special meeting for its shareholders to vote on reconstituting its board of directors, which is the latest step in response to Riot Platforms' attempted takeover. The meeting is set to take place on October 29, 2024, following Riot's requisition for the meeting on June 24. Riot Platforms had previously attempted to acquire Bitfarms for approximately $950 million in April, but the offer was rejected by Bitfarms as undervaluing the company