<a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/" rel="noopener noreferrer nofollow">Riot</a> Platforms, which holds 19.9% of the shares in <a href="https://ultramining.com/news/en/bitfarms-set-to-boost-mining-capacity-with-quebec-expansion/" rel="noopener noreferrer nofollow">Bitfarms</a> Ltd., has announced its intention to vote in favor of the company's proposals at the upcoming special shareholder meeting.
Riot's support includes approval of the board expansion to 6 members and ratification of the shareholder rights plan. This indicates an improvement in relations between the two companies following the settlement over the hostile takeover.
This decision may accelerate Bitfarms' strategic initiatives and boost investor confidence. Experts note that the companies' joint actions could lead to stock price growth and strengthened market positions.

Riot Platforms to Support Bitfarms’ Proposals at Upcoming Shareholder Meeting

Ultramining_Eng

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