Riot Abandons Hostile Bitcoin Miner Takeover as Bitfarms Escapes Acquisition Attempt

Riot Blockchain shifts strategy after failing in a hostile takeover attempt of Canadian miner Bitfarms. Bitfarms successfully utilized a poison pill strategy to fend off Riot’s buyout effort. Riot now aims to overhaul Bitfarms’ leadership to facilitate a future deal. Riot Blockchain abandons hostile takeover bid of Bitfarms, shifts focus to corporate leadership overhaul. Riot

Source: CoinOtag