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Riot Platforms calls for Bitfarms shareholders to vote for new board members to improve governance ahead of a crucial special meeting. (Read More)
Riot Platforms called the recent board changes at Bitfarms a step in the right direction, but stressed that more change is needed.
Riot Platforms has intensified its efforts to acquire rival Bitcoin miner Bitfarms by issuing an open letter to the firm’s shareholders on Sept. 3. In the letter, Riot announced that it had lowered its request for board seats at Bitfarms to two independent directors following recent removals while also criticizing several of the company’s recent decisions. […]
The post Riot Platforms targets remaining 2 Bitfarms board members’ replacement appeared first on CryptoSlate.
Riot Platforms urges further changes to Bitfarms board, proposing two independent directors ahead of a special meeting in October.
Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals.
Bitfarms Ltd. and Riot Platforms Inc. announce a settlement agreement ahead of the Special Meeting of Bitfarms Shareholders, with significant changes to the Board of Directors. (Read More)
Riot Platforms and Bitfarms Ltd. reach a settlement agreement, resulting in board changes and withdrawal of a shareholder meeting requisition. (Read More)
Bitfarms board will see Andrés Finkielsztain step down, while Amy Freedman and a sixth member will join the board.
Riot Platforms announces a 45% increase in Bitcoin production and its expansion into Kentucky, enhancing its mining capacity. (Read More)
Riot Platforms recently acquired another Block Mining.
Riot Platforms, Inc. reports a significant stake increase to 16.9% in Bitfarms Ltd., aiming to influence the company's board composition. (Read More)
BTC miners are struggling to adapt to a post-halving environment.
Discover the best strategies for selecting powers in Superior, the game by Gala Games, to defeat supervillains and save the world. (Read More)
Bitcoin miner Bitfarms said it has entered into a merger agreement to acquire Stronghold Digital Mining for $125 million in equity value, alongside $50 million in assumed debt. In a joint Aug. 21 statement, both companies revealed that their Boards of Directors unanimously approved the transaction. The dealsubject to regulatory approval and other conditionsis expected […]
The post Bitfarms to acquire Stronghold Digital Mining in $175M merger appeared first on CryptoSlate.
In the latest edition of the Capriole Investments newsletter dated August 20, 2024, Charles Edwards, founder and CEO, draws striking parallels between the current market behavior of Bitcoin and the historical performance of Gold, particularly during its 2008 rally. Bitcoin Mirrors 2008 Gold Rush Edwards points out that Bitcoin has been consolidating around $60K, echoing the pattern Gold followed before its significant rally. “Bitcoin is under pressure, mirroring the longest period of consolidation at any ATH in its history,” Edwards notes, suggesting that this could be a precursor to a significant breakout. According to him, this pattern closely mirrors that of Gold in the late 2000s, when it consolidated for nine months around its 1980 ATH before launching a significant two-year rally in 2008. Edwards elaborates on the technical similarities, noting, “Gold’s first significant consolidation post-ETF launch preceded a rally that saw its value climb by 180% in just over two years. Today, Bitcoin exhibits similar market behavior in the aftermath of its own ETF launches and consolidations.” Related Reading: Over 80% of Short-Term Bitcoin Holders Underwater What This Means For BTC Edwards notes that during Gold’s consolidation phase in 2008, the asset underwent a -33% drawdown, eventually marking what many investors consider a generational bottom. Bitcoins recent dip to $48,000a -33% crashstrikingly aligns with this aspect of Golds historical price action. “The July 2024 Bitcoin dip saw a -28% drop to $53K, and the more recent August 2024 dip mirrored Gold’s final plunge, falling a mere half a percent short,” Edwards states, highlighting the precision of these parallels. Based on these historical parallels, Edwards predicts that Bitcoin price could be ripping straight to $140K with no dips by around May 2025. While he acknowledges that a single datapoint does not mean that golds history has to repeat for Bitcoin, he believes that it is the most comparable asset at the most comparable time in its history. Related Reading: Analyst Forecasts Bitcoin Bull Run Top With Historically Proven Indicator Despite the bullish signal from the historical and technical analysis, Edwards remains only cautiously optimistic. He acknowledges ongoing discrepancies in fundamental data signals and suggests a conservative stance until further bullish confirmations can be observed. “We are still awaiting the Monthly close; the conservative position would be to await further bullish confirmations (and potentially Q4) to fully clear what is typically the most bearish period of each calendar year for Bitcoin and risk assets, Edwards notes. If Bitcoin can close above the monthly support, Edwards sees a very attractive technical setup. He concludes, I believe this period of market consolidation is coming to a close as we exit summer, and I maintain strong conviction that the next 12 months will be the best time out of the last 3 years to be allocated to this asset class. At press time, BTC traded at $60,712. Featured image created with DALL.E, chart from TradingView.com
Riot Platforms, Inc. has announced an increase in its ownership of Bitfarms Ltd., now holding 18.9% of the company's common shares. (Read More)
Gala Games launches Superior's Challenge Mode, testing players' speed and skills against power-crazed superheroes. Weekly updates ensure constant competition. (Read More)
The court said the DAOs financial details should be known to both sides as they hash out ownership and control issues.
Bitfarms announced a new member and leadership to its board as Riot Platforms still appeared poised to replace three members in October.
Bitfarms co-founder and chairman Nicolas Bonta is stepping down from the board immediately amid the ongoing fight against Riot Platforms‘ hostile takeover bid, according to an Aug. 13 statement. Bonta is one of three board members Riot aims to replace in the upcoming October shareholder vote. Leadership change In response to Bonta’s departure, Brian Howlett, […]
The post Board changes at Bitfarms amid revenue drop and Riot’s hostile takeover efforts appeared first on CryptoSlate.
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