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Riot buys 10.23m more Bitfarms shares in July, increasing stake to 15.9% - Crypto News

Retrieved on: 2024-07-31 16:04:14

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Riot Platforms is increasing its stake in Bitfarms despite resistance, reflecting key concepts in mergers and acquisitions, takeover defense, and corporate finance. The use of a shareholder rights plan indicates a defensive strategy against a hostile takeover.

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