Proposal to acquire Bitfarms at US$2.30/share
Company: Riot
The claim, verbatim
Riot proposed to the Bitfarms Board to acquire all outstanding Bitfarms shares at US$2.30 per share in cash and Riot stock, about US$950 million in total equity value, a 24% premium to Bitfarms' one-month VWAP as of May 24, 2024. Bitfarms shareholders would own up to about 17% of the combined company. The proposal is non-binding.
Source (primary)
riot 8-K exhibit (tm2415618d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-04)Live source ↗
Quote: “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”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms riot 8-K exhibit (tm2415618d1_ex99-1.htm)
Quote: “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”