CASTLE ROCK, Colo., July 24, 2024--Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot") today announced that it was successful in its application to the Ontario Capital Markets Tribunal (the "Tribunal") to cease trade the June 10, 2024 shareholder rights plan (the "Poison Pill") implemented by the Board of Directors of Bitfarms Ltd. (NASDAQ/TSX: BITF) ("Bitfarms") (the "Bitfarms Board"). The cease trade order terminates Bitfarms’ Poison Pill – which contemplated a 15% trigger – effective immediately.

Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has acquired Block Mining, Inc. ("Block Mining"), a Kentucky-based vertically integrated Bitcoin miner, for total consideration at closing of $92.5 million. Riot paid the purchase price through $18.5 million of cash from its balance sheet plus $74 million of Riot common stock. Additional consideration, up to a maximum of $32.5 million, can be e

Trump's social media platform company isn’t the only stock that has climbed higher as investors have raised their bets on a Republican win.

DeFi stocks refer to the shares of companies that deal with the creation and provision of financial services through the use of decentralized systems. These platforms provide services of loans, credits, and trades with the help of which the buyer can directly buy from the seller without using any middleman like banks. Investing in DeFi stocks exposes the investor to the DeFi sector, which is changing the financial markets through decentralization, low fees, and increased security. Cross-chain pl

I strongly believe that investors need to have a dynamic approach when it comes to the world of modern investing. For sure, long-term investment delivers the best results. However, it makes sense to capitalize on all good opportunities. Be it the meme frenzy, penny stock investing or considering exposure to short-term profit stocks. I personally like the idea of allocating 15% to 20% of my portfolio towards short-term profit taking. First, it becomes a source of some cash inflow on a regular bas

The energy-efficient Bitcoin miner could have a bright future.

A combination of high-growth low PE stocks can be a game-changer for portfolio returns. Looking for stocks that match this criterion becomes more relevant at a time when the index is near all-time highs. There are several stocks that are trading at stretched valuations. The market focus is therefore likely to shift to sectors and stocks that have remained subdued. Once in the limelight, these growth stocks can deliver robust returns at the blink of an eye. The focus of this column is on growth s

(Bloomberg) -- Bitcoin miner Bitfarms Ltd. appointed a new chief executive officer from within its own ranks as a pressure campaign from spurned suitor Riot Platforms Inc. becomes more pronounced.Most Read from BloombergMicrosoft Orders China Staff to Use iPhones for Work and Drop AndroidBiden’s Biggest Donors Left Powerless to Sway Him to End BidZyn Imitators Rush In as Online Sales Halt Worsens US ShortageRich Chinese Return to Hong Kong as Singapore Steps Up ScrutinyBoeing to Plead Guilty to

CASTLE ROCK, Colo., July 08, 2024--Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot") today launched www.ABetterBitfarms.com in connection with its requisition of a special meeting of shareholders (the "Special Meeting") of Bitfarms Ltd. (NASDAQ: BITF) ("Bitfarms" or the "Company") to reconstitute the Bitfarms Board of Directors (the "Bitfarms Board"). As disclosed in Riot’s June 24, 2024 press release, Riot has nominated three director nominees (the "Nominees") – John Delaney, Amy Freedman and Ralph

Key Insights Riot Platforms' estimated fair value is US$10.85 based on 2 Stage Free Cash Flow to Equity With US$9.64...