Riot Platforms Launches New Campaign Website Aimed at Overhauling Bitfarms Board

At Extreme Investor Network, we are always on the lookout for strategic moves within the cryptocurrency industry that could potentially impact investors. One recent development that caught our attention is Riot Platforms, Inc. (NASDAQ: RIOT) launching a campaign website, www.ABetterBitfarms.com, with the goal of reconstituting the Board of Directors of Bitfarms Ltd. (NASDAQ: BIT).

This initiative by Riot Platforms is part of their efforts to requisition a special meeting of Bitfarms shareholders to vote on significant changes to the company’s board composition. The special meeting will address the election of three new director nominees – John Delaney, Amy Freedman, and Ralph Goehring – and consider the removal of current Bitfarms Chairman Nicolas Bonta and directors Andrés Finkielsztain and Fanny Philip.

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The newly launched website, www.ABetterBitfarms.com, serves as a platform for engaging Bitfarms’ shareholders, employees, and other stakeholders. Visitors to the site can sign up for important updates, anonymously share their views, and understand Riot’s objectives of bringing fresh perspectives and enhanced corporate governance to Bitfarms.

Riot Platforms, known for its Bitcoin mining and digital infrastructure operations, has a vision of becoming the world’s leading Bitcoin-driven infrastructure platform. With operations in central Texas and Denver, Colorado, Riot aims to positively impact the sectors, networks, and communities it operates in. The company believes in the importance of strong governance to drive better performance and shareholder value, hence the move to reconstitute the Bitfarms Board.

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However, it is essential to note that Riot Platforms has issued cautionary statements regarding forward-looking statements in its announcement. Actual results may differ from those expressed or implied due to various risks and uncertainties, which are detailed in Riot’s filings with the U.S. Securities and Exchange Commission (SEC).

At Extreme Investor Network, we will continue to monitor the developments in the cryptocurrency industry and provide valuable insights for investors. Stay updated with the latest news and trends by visiting our website and exploring our educational resources.

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