Riot Platforms wants to buy Bitfarms for $950 million

Riot Platforms offers $950M to acquire Canadian Bitcoin miner Bitfarms. Bitfarms is facing leadership turmoil amid CEO Geoffrey Morphy’s lawsuit. The merger would create largest publicly listed Bitcoin miner by capacity. Riot Platforms, a prominent Bitcoin miner and Bitfarms’ largest shareholder, has made a hostile takeover offer of $950 million for Bitfarms, a Canadian Bitcoin […]

Riot Platforms and Texas Blockchain Council challenge EIA’s Bitcoin Mining data demands

TBC and Riot Platforms sue EIA over Bitcoin data demands, alleging intrusion. Senator Warren’s involvement is seen as part of a broader political strategy. Bitcoin mining faces scrutiny for energy consumption, environmental impact. In a bold move against the US Energy Information Administration (EIA), the Texas Blockchain Council (TBC) and crypto miner Riot Platforms have […]

Riot Platforms stock has moved to a bear market: buy the dip?

Riot Platforms (NASDAQ: RIOT) stock price has drifted downwards in the past few days as Bitcoin and other cryptocurrencies retreated. The shares retreated to a low of $11.48 in the pre-market session. This means that the stock has dropped by more than 20% from the year-to-date high, meaning that it has moved to a bear market. […]