08:45 AM EDT, 06/24/2024 (MT Newswires) -- Riot Platforms ( RIOT ) said Monday it has requisitioned a special meeting of Bitfarms ( BITF ) shareholders to reconstitute the Bitfarms ( BITF ) board.

Riot, which is Bitfarms' ( BITF ) largest shareholder, also said it has formally withdrawn its previous proposal to acquire all Bitfarms ( BITF ) common shares for $2.30 per share "and stands ready to engage and negotiate with a reconstituted Bitfarms Board to pursue a mutually beneficial combination of Bitfarms ( BITF ) and Riot."

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