The post Riot Platforms Demands Bitfarms Chairman’s Resignation, Also Calls For Governance Changes! appeared first on Coinpedia Fintech News
A well-known Bitcoin mining and infrastructure company Riot Platforms has recently raised concerns over Bitfarm for adopting a shareholder’s right plan, known as the Poison Pill. Notably, this prevents us from any shareholder acquiring 15% or more of Bitfarms common shares without a formal takeover bid. Riot platform CEO, Jason Les expressed his frustration ensuring shareholder influence on the company’s direction and that Bitfarms did not engage in private regarding the addition of independent directors and the resignation of chairman Nicolas Bonta.