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CoinOtag
2024-06-11 18:20:46

Bitfarms Employs “Poison Pill” to Thwart Riot Platforms’ Takeover Attempt

Bitcoin mining company Bitfarms has taken a strategic move to prevent a hostile takeover. This decision is aimed at countering an aggressive acquisition attempt by a competitor in the cryptocurrency mining space. Specifically, the company has adopted a shareholder rights plan, commonly known as a “poison pill,” to govern significant stock acquisitions. Bitfarms adopts defensive

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