Bitfarms responds to Riot Platforms’ proposed board changes

Riot Platforms called the recent board changes at Bitfarms a “step in the right direction,” but stressed that more change is needed.

Mining company Bitfarms has responded to Riot Platforms’ open letter to shareholders criticizing its recent board of directors changes and characterizing its corporate governance as “broken.”

Bitfarms’ response began by claiming that the upcoming special shareholder meeting, scheduled for Oct. 29, 2024, has nothing to do with corporate governance, as Riot Platforms had claimed. Instead, Bitfarms argued that Riot Platforms had suggested the proposed changes to its corporate board to further its own interests.

Bitfarms also asserted that recent changes to its board and management team were decisions the company made independent of Riot Platforms.

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Riot Platforms called the recent board changes at Bitfarms a “step in the right direction,” but stressed that more change is needed.
Mining company Bitfarms has responded to Riot Platforms’ open letter to shareholders criticizing its recent board of directors changes and characterizing its corporate governance as “broken.”Bitfarms’ response began by claiming that the upcoming special shareholder meeting, scheduled for Oct. 29, 2024, has nothing to do with corporate governance, as Riot Platforms had claimed. Instead, Bitfarms argued that Riot Platforms had suggested the proposed changes to its corporate board to further its own interests. Bitfarms also asserted that recent changes to its board and management team were decisions the company made independent of Riot Platforms.Read more