Bitfarms postpones special shareholders meeting to November 6

Bitfarms, a publicly traded U.S. bitcoin miner, has rescheduled its special shareholder meeting for a week from October 29 to November 6 to re-evaluate Riot Platforms' request for amendments. Riot initially sought to acquire its smaller mining rival in April for approximately $950 million and has since been acquiring Bitfarms shares to become its largest shareholder. Riot currently owns approximately 19.9% ​​of Bitfarms. On September 3, Riot amended its request, citing concerns about Bitfarms' recent governance changes and the proposed acquisition of Stronghold Digital prior to the special meeting to vote on restructuring Bitfarms' board of directors. Riot advocated for further reforms to the Bitfarms board of directors, citing the need for independent oversight and better governance practices to increase shareholder value. (TheBlock)