Articles from Riot Platforms, Inc.

Riot Platforms, Inc. (NASDAQRIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin mining, today provided an update on strategic actions it is taking to maximize the value of its unique asset in Navarro County, Texas (the “Corsicana Facility”).

Riot Platforms, Inc. (NASDAQRIOT) (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”).

Riot Platforms, Inc. (NASDAQRIOT) (“Riot”) today issued an open letter to Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”) shareholders. The full text of the letter is below:

Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (“Bitfarms” or the “Company”).

Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (“Bitfarms” or the “Company”).

Riot Platforms, Inc. (NASDAQRIOT) (“Riot”) today announced that it was successful in its application to the Ontario Capital Markets Tribunal (the “Tribunal”) to cease trade the June 10, 2024 shareholder rights plan (the “Poison Pill”) implemented by the Board of Directors of Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms”) (the “Bitfarms Board”). The cease trade order terminates Bitfarms’ Poison Pill – which contemplated a 15% trigger – effective immediately.

Riot Platforms, Inc. (NASDAQRIOT) (“Riot”) today launched www.ABetterBitfarms.com in connection with its requisition of a special meeting of shareholders (the “Special Meeting”) of Bitfarms Ltd. NASDAQ: BITFNASDAQBITF)

Riot Platforms, Inc. (NASDAQRIOT) (“Riot”) today announced that it has requisitioned a special meeting of Bitfarms Ltd. NASDAQ: BITFNASDAQBITF)

Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the “Company”).

Riot Platforms, Inc. (NASDAQRIOT) (“Riot”) today commented on the shareholder rights plan (the “Poison Pill”) unilaterally adopted by Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”), which takes immediate effect and effectively prevents any shareholder from acquiring 15% or more of Bitfarms’ common shares without making a formal take-over bid for all of the Company’s shares. The 15% trigger is in direct conflict with established legal and governance standards, including those published by leading proxy advisory firms Institutional Shareholder Services Inc. and Glass, Lewis & Co., and is further evidence of the Bitfarms Board of Directors (the “Bitfarms Board”) disregarding good corporate governance.

Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the “Company”).

Riot Produces 215 Bitcoin in May 2024 and Increases Deployed Hash Rate to 14.7 EH/s

Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the “Company”).

Riot Platforms, Inc. (NASDAQRIOT) (“Riot” or the “Company”) today announced that it has made a proposal to the Bitfarms Board of Directors (the “Bitfarms Board”) to acquire all of the outstanding shares of Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms”) at a price of US$2.30 per Bitfarms common share (the “Proposal”). Riot also announced that it has accumulated a 9.25% stake in Bitfarms to become Bitfarms’ largest shareholder.

Riot Produces 375 Bitcoin in April 2024 and Provides Infrastructure Updates

Riot Announces Energization of Its New Corsicana Facility, With Miners Now Hashing

Riot Produces 425 Bitcoin in March 2024 and Provides Infrastructure Updates

Riot Produces 418 Bitcoin in February 2024 and Provides Infrastructure Updates

Riot strengthens its self-mining operations by purchasing 31,500 WhatsMiner M60S miners from MicroBT. This strategic investment replaces underperforming machines, boosts mining efficiency, and adds additional hash rate capacity at the Rockdale Facility

Riot Reports Record Results, with $280.7 Million in Total Revenue, 6,626 Bitcoin Produced, and Record Hash Rate Capacity of 12.4 EH/s

Riot Produces 520 Bitcoin in January 2024 and Updates Bitcoin Sales Strategy

Riot Produces 619 Bitcoin in December 2023, Bringing Total Bitcoin Produced in 2023 to 6,626 while Significantly Expanding Use of Riot’s Unique Power Strategy During the Year

Riot Produces 552 Bitcoin in November 2023 While Expanding Hash Rate and Miners Deployed

Riot Exercises Purchase Option on 18 EH/s of Latest Generation Immersion Miners from MicroBT, and Secures Additional Purchase Options Providing a Path to Exceed 100 EH/s

Riot Reports $51.9 Million in Total Revenue, New All-Time Record Hash Rate Capacity of 10.9 EH/s, and Expanded Execution of Power Strategy

Riot Produces 458 Bitcoin in October 2023 While Expanding Hash Rate and Miners Deployed

Riot Produces 362 Bitcoin in September 2023 While Continuing to Execute Power Strategy

Riot Produces 333 Bitcoin While Realizing Expanded Benefits of Power Strategy

Riot Produces 410 Bitcoin While Expanding Execution of Power Strategy

Riot Produces 460 Bitcoin While Significantly Executing on Power Strategy

Landmark deal includes an initial purchase of 33,280 miners to increase self-mining capacity to 20.1 EH/s upon full deployment in 2024. Agreement also includes an option to purchase up to 66,560 additional miners at same terms.

Riot Produces 676 Bitcoin in May 2023 and Provides Operations Updates