Riot Platforms presents comprehensive plan to improve Bitfarms

Riot Platforms has proposed a comprehensive plan to improve Bitfarms Ltd. and launched a website to detail the strategy. As part of its efforts to acquire Bitfarms, Riot has held a special shareholders meeting to nominate three new directors: John Delaney, Amy Freedman and Ralph Goehring. The proposal includes the removal of current chairman Nicolas Bonta and directors Andrés Finkielsztain and Fanny Philip, the latter of whom was recently appointed after the resignation of co-founder Emiliano Grodzki. Riot emphasizes the need for new perspectives to drive Bitfarms' growth and strategic direction. (Bitcoin.com) Earlier in June, Bitcoin mining company Riot Platforms abandoned its acquisition of Bitfarms (BITF) and hoped to reorganize the board of directors before further acquisitions. Riot, now Bitfarms’ largest shareholder with a 14.9% stake in the company, called a special meeting to remove Bitfarms chairman and interim CEO Nicolas Bonta, director Andrés Finkielsztain, and anyone who might fill the vacancy left by the resignation of co-founder Emiliano Grodzki. At the same time, Riot said it would continue to seek acquisitions as they are “good for the long-term growth of the business.”