Riot Platforms has increased its push for a leadership shakeup at BitFarms, citing corporate governance failures. Owning 19.9% of BitFarms, Riot has called for the removal of two directors and proposed new candidates to steer the company forward. This follows a series of resignations earlier this year by BitFarms' co-founders.
In response, BitFarms recently completed a $175 million acquisition of Stronghold Digital Mining, which many view as a defensive move against Riot's takeover efforts. Riot has criticized the purchase, claiming that it was made to entrench current leadership rather than to benefit shareholders, leading to a heated corporate struggle.
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Riot Platforms Pressures BitFarms for Leadership Overhaul Amid Governance Issues

Ultramining_Eng

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