Hi HODLers, Hiveans and Lions,
The corporate dispute between crypto miners Riot Platforms and Bitfarms has recently intensified.
If you rememver, on June 11, Riot Platforms disclosed a significant increase in its stake in Bitfarms, acquiring roughly six million shares worth over $111 million!!! This brings them fronm around 9% to more than 13.5%! This is sizeable as you would expect them to ask for board representation soon!
Important to notice that this new increase just came a day after Bitfarms suggested a “poison pill” defense strategy to prevent Riot from increasing its stake to 15% or more.
A poison pill is a defense mechanism which is designed to dilute the value of shares and hinder Riot’s takeover plans.
As most of you know, I am a $BITF shareholder but would like to exit the Bitcoin Mining investments when I get a good price. I think these times are coming...
I just realized that thought I think Bitcoin mining is very important, there are so many better investment options if you want to be exposed to crypto's upside: $HODD, $COIN, ...
Do you think #Bitfarms will remain independent?
Stay safe out there,
Inflation is slowing down opening the possibility of FED rate cuts
Apple plans to integrate ChatGPT in its products. Elon thinks it is dangerous!
Posted Using InLeo Alpha