Bitcoin Mining Firms Riot Platforms And Bitfarms Resolve Dispute

According to BlockBeats, on September 23, 2024, Bitcoin mining companies Riot Platforms and Bitfarms announced in a joint statement that they have resolved their dispute through a settlement agreement. This agreement has been submitted to the U.S. Securities and Exchange Commission (SEC) and was reached ahead of Bitfarms' special shareholder meeting scheduled for November 6, 2024. Under the terms of the settlement, Riot Platforms agreed to withdraw its proposal to replace certain members of Bitfarms' board of directors. In exchange, Bitfarms has appointed Amy Freedman to its board and assigned her to key committees, including the Governance and Nominating Committee, the Compensation Committee, and any special committees of independent directors.