Sept 23 (Reuters) - Bitcoin miner Bitfarms ( BITF )

said on Monday it had entered into a settlement agreement with

rival and top shareholder Riot Platforms ( RIOT ), under which

Amy Freedman was appointed to its board.

Freedman, a former investment banker who has helped

companies with corporate governance matters, will replace Andrés

Finkielsztain on the Bitfarms ( BITF ) board, and was one of three

nominees pushed by Riot.

The two companies have been locked in a dispute since April,

when Riot made an unsolicited $950 million offer to acquire the

Canada-based company.

Bitfarms ( BITF ) said the bid undervalued it and adopted a poison

pill to fend off any attempts at a hostile takeover.

Riot has accused Bitfarms ( BITF ) of lacking solid corporate

governance. It currently owns a roughly 19.9% stake in Bitfarms ( BITF ).

Bitfarms ( BITF ) also said on Monday it had provided Riot with

certain rights to purchase shares of the company, provided Riot

holds a stake of 15% or more.