Bitfarms implements fresh poison pill strategy to fend off Riot Platforms takeover bid

Bitfarms has introduced a new shareholder rights plan — a so-called poison pill strategy — to thwart Riot Platforms’ takeover attempt, according to a July 24 statement. The miner intends to issue new shares to dilute stakes if any entity, including Riot Platforms, acquires over 20% of its shares within the next six months. The […] source: https://cryptoslate.com/bitfarms-implements-fresh-poison-pill-strategy-to-fend-off-riot-platforms-takeover-bid/