Riot Platforms has announced a proposal to acquire Bitfarms for approximately $950 million, reflecting a 24% premium to Bitfarms’ one-month volume-weighted average share price as of May 24. According to the press release, Riot’s decision […]
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Bitfarms said on May 29 that it rejected Riot Platform’s unsolicited acquisition proposal because the offer undervalued the company. The proposal, received on April 22, offered $2.30 per common share in a mix of cash […]
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Luxor Technology and Bitnomial launched the first fully regulated Bitcoin mining derivative product for trading in the US on May 28. The new product — dubbed Bitcoin Hashrate Futures — aims to increase liquidity and […]
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Marathon Digital Holdings has partnered with Kenya to monetize underutilized energy. Marathon chairman and CEO Fred Thiel signed the agreement with Kenya’s Prime Cabinet Secretary, Hon. Musalia Mudavadi, E.G.H, on May 24. Thiel said the […]
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