Riot requisitions Bitfarms special meeting to reconstitute board, withdraws $2.30/share offer

Riot Platforms, Inc.

Riot requisitions Bitfarms special meeting to remove directors Bonta, Finkielsztain, and any replacement for Grodzki; nominates three independent candidates.
Riot withdrew its previous proposal to acquire Bitfarms at $2.30 per share; stands ready to engage with a reconstituted board on a potential combination.
Riot increased its Bitfarms stake to 14.9% (from 14.0%) and will apply to the Ontario Capital Markets Tribunal to cease-trade the poison pill with a 15% trigger.
Riot cites poor governance, botched CEO succession (fourth CEO in five years), and a $27M lawsuit as reasons for board change.

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