Riot Platforms Unveils Campaign Website Targeting Bitfarms Board Overhaul

In
a
strategic
move,
Riot
Platforms,
Inc.
(NASDAQ:
RIOT)
has
launched
a
new
website,
www.ABetterBitfarms.com,
aimed
at
reconstituting
the
Board
of
Directors
of
Bitfarms
Ltd.
(NASDAQ:
BITF),
according
to
Riot
Platforms.
This
initiative
is
part
of
Riot’s
requisition
for
a
special
meeting
of
Bitfarms
shareholders
to
vote
on
significant
changes
to
the
company’s
board
composition.

Special
Meeting
of
Shareholders

Riot
Platforms
announced
that
the
special
meeting
will
address
the
election
of
three
new
director
nominees:
John
Delaney,
Amy
Freedman,
and
Ralph
Goehring.
The
meeting
will
also
consider
the
removal
of
current
Bitfarms
Chairman
Nicolas
Bonta
and
directors
Andrés
Finkielsztain
and
Fanny
Philip.
The
latter
was
recently
appointed
to
fill
a
vacancy
following
the
resignation
of
co-founder
Emiliano
Grodzki,
who
was
voted
off
the
board
at
Bitfarms’
most
recent
Annual
General
and
Special
Meeting
of
Shareholders.

Website
Launch
and
Shareholder
Engagement

The
newly
launched
website,
www.ABetterBitfarms.com,
is
designed
to
engage
Bitfarms’
shareholders,
employees,
and
other
stakeholders.
Visitors
to
the
site
can
sign
up
for
important
updates,
anonymously
share
their
views,
and
learn
more
about
Riot’s
efforts
to
bring
fresh
perspectives
and
enhanced
corporate
governance
to
Bitfarms.
Riot
emphasizes
the
importance
of
electing
directors
with
experience
in
overseeing
significant
corporate
transactions
and
serving
in
executive
management
and
public
company
director
roles.

Background
and
Strategic
Objectives

Riot
Platforms,
a
Bitcoin
mining
and
digital
infrastructure
company,
has
been
vocal
about
its
vision
to
become
the
world’s
leading
Bitcoin-driven
infrastructure
platform.
With
Bitcoin
mining
operations
in
central
Texas
and
electrical
switchgear
engineering
and
fabrication
operations
in
Denver,
Colorado,
Riot
aims
to
positively
impact
the
sectors,
networks,
and
communities
it
touches.

As
part
of
its
vertically
integrated
strategy,
Riot
has
been
actively
involved
in
corporate
governance
initiatives,
believing
that
strong
governance
can
drive
better
performance
and
shareholder
value.
The
company’s
move
to
reconstitute
the
Bitfarms
Board
is
seen
as
a
step
towards
achieving
these
objectives.

Forward-Looking
Statements
and
Legal
Disclaimers

Riot
Platforms
has
issued
cautionary
notes
regarding
forward-looking
statements
in
its
announcement.
The
company
highlights
that
actual
results
may
differ
materially
from
those
expressed
or
implied
due
to
various
risks
and
uncertainties.
Detailed
information
about
these
factors
can
be
found
in
Riot’s
filings
with
the
U.S.
Securities
and
Exchange
Commission
(SEC).

Riot
also
clarified
that
the
information
in
the
press
release
does
not
constitute
a
solicitation
of
a
proxy
within
the
meaning
of
applicable
corporate
and
securities
laws.
The
company
intends
to
file
a
dissident
information
circular
in
due
course,
in
compliance
with
applicable
laws.

For
more
details,
visit
the
official
announcement
on
Riot
Platforms’
website:

Riot
Platforms.

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source:
Shutterstock