Bitfarms, Riot Platforms Reach Settlement Over Takeover Conflict
After months of the takeover conflict, Bitfarms and Riot Platforms Inc. (NASDAQ: RIOT) have finally reached an agreement that promises a new chapter for both of them. The saga began earlier this year when Riot Platforms made an unsolicited move to acquire Bitfarms. According to reports, the Bitcoin mining company offered to purchase all its outstanding stock for $2.30 per share — a 24% premium, which is a whopping $950 million. However, members of the Bitfarms board had other plans. Despite the seemingly generous offer, Bitfarms declined the offer. Nevertheless, Riot didn’t walk away quietly. Instead, the company made a…