Standstill provisions and restrictions
Company: Riot
The claim, verbatim
Riot agreed to standstill provisions restricting it from acquiring or proposing to acquire 20% or more of Bitfarms' Common Shares, voting inconsistently with the agreement, removing directors, acquiring derivatives, and instituting litigation against Bitfarms until agreement term expiration.
Source (primary)
Riot 8-K filed 2024-09-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Riot has agreed to standstill provisions that will be in effect until the expiration of the Term, unless earlier terminated, which restrict Riot from, among other things, (i) acquiring or proposing to acquire 20% or more of the outstanding Common Shares”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing lists each of these standstill restrictions and their duration. The claim leaves out some stated exceptions but does not misstate the terms.
Confirmed in the source:
- Riot agreed to standstill provisions in effect until the Term expires, unless terminated earlier
- The standstill restricts Riot from acquiring or proposing to acquire 20% or more of the Common Shares, with a take-over bid exception
- It restricts voting inconsistently with the agreement
- It restricts certain actions to remove any Bitfarms director
- It restricts acquiring or disposing of Bitfarms-related derivatives, except to reduce exposure
- It restricts instituting litigation against Bitfarms, with certain exceptions
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465924101880/tm2424523d2_8k.htm) in full (12,471 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2024-09-23
Quote: “the Riot has agreed to standstill provisions that will be in effect until the expiration of the Term, unless earlier terminated, which restrict Riot from, among other things, (i) acquiring or proposing to acquire 20% or more of the outstanding Common Shares”