Bitfarms and Riot Reach Agreement With New Board Appointments
Bitfarms and Riot Platforms have reached an agreement involving board appointments and a standstill arrangement lasting until 2026.

Bitfarms and Riot Platforms announced on September 23, 2024, that they have reached a settlement agreement involving new board appointments and a standstill arrangement lasting until 2026.
According to a press release shared with Cryptonews , the agreement will see Andrés Finkielsztain stepping down from Bitfarms’ board, with Amy Freedman joining as a new director.
Settlement Agreement Between Bitfarms and Riot Platforms
The agreement includes Riot withdrawing its previous requisition and restricting its actions until the 2026 Bitfarms Annual Meeting, with a few outlined exceptions.
This standstill agreement is aimed at ensuring stability within Bitfarms’ governance structure over the next two years.
Additionally, Bitfarms will propose expanding its board from five to six members at a special meeting, where shareholders will vote on the new independent director nominee.
“We recognize the importance of refreshment and having the right mix of skills, experience and diversity, and we are always open to adding qualified candidates with valuable insights and perspectives to strengthen our Board,” said Independent Chairman Brian Howlett.
Future Plans and Upcoming Meeting
The agreement also grants Riot certain rights to purchase additional shares in Bitfarms, provided it maintains a holding of 15% or more of the company’s outstanding common shares .
Bitfarms has outlined a shareholder rights plan that will be voted on at the upcoming special meeting.
This plan seeks to provide a structured approach for any potential changes in ownership of Bitfarms shares.
“We remain focused on diversifying the business beyond Bitcoin mining into exciting and synergistic new areas like energy generation, energy trading, heat recycling and other high value revenue streams like HPC/AI,” said Bitfarms CEO Ben Gagnon.
The special meeting, originally scheduled for November 6, may be postponed to accommodate these new proposals. However, Bitfarms has assured shareholders that the meeting will not be delayed beyond November 20, and updates will be provided as they become available.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How Elon Musk’s Starlink is cashing in on Trump’s tariff talks
Share link:In this post: Trump’s steep tariffs have prompted countries such as Lesotho to fast-track Starlink licenses as a gesture of goodwill toward the U.S. U.S. diplomats have quietly urged regulators worldwide to speed Starlink approvals during trade talks. By leveraging tariff threats, Washington is steering markets to American satellite services before Chinese competitors can move in.
UK becomes the first country to make a trade deal with Trump
Share link:In this post: Trump will announce a trade deal with the UK on Thursday from the Oval Office. The deal is the first since Trump imposed global tariffs earlier this year. Details are unclear, but it likely covers cars, tech taxes, and farm goods.
Governor Hobbs greenlights Arizona’s Bitcoin reserve fund after signing HB-2749 into law
Share link:In this post: Arizona Governor Katie Hobbs signed a bill into law allowing the U.S. state to keep unclaimed crypto and establish a ‘Bitcoin Reserve Fund’ not using taxpayers’ funds. House Bill 2749 will not allow investment but will transfer unclaimed assets, airdrops, and staking rewards into a reserve, creating AZ’s first crypto reserve. Earlier, Hobbs vetoed Senate Bill 1025, which would have allowed the state to invest up to 10% of treasury and pension assets in digital assets.

If You’ve Held XRP from $0.006 to $3, Expect Prices Beyond Expectations: Expert Says
Trending news
MoreCrypto prices
More








