Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first

Quick Summary:

:Bitcoin miner Bitfarms said on Wednesday it adopted a second 'poison pill' after a Canadian tribunal ceased the earlier one adopted to fend off a potential hostile takeover attempt by rival Riot Platforms.

A worker checks the fans on miners, at the cryptocurrency farming operation, Bitfarms, in Farnham, Quebec, Canada, February 2, 2018.

Riot had said it intended to request a special shareholder meeting to add independent directors to Bitfarms' board.

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Category: EconomyBusiness

Markets: SingaporeCanada

Topics: Adopted Rights Bitfarms Riot Poison Board Cent Pill 2018 Plan February

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 07:41:24 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 296 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21768146

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