Summary by Futu AI
On June 5, 2024, Riot Platforms, Inc. made a non-binding proposal to Bitfarms Ltd., cautioning shareholders of both companies that the proposal does not guarantee a definitive offer or the completion of any transaction. The announcement emphasized that the proposal should not be construed as an offer to Bitfarms shareholders and that there is no certainty that Bitfarms will accept any offer from Riot or that any agreement will be reached. Riot also stated it has no obligation to update on the proposed transaction unless required by law. The communication included forward-looking statements, which are subject to risks and uncertainties, indicating that actual results could materially differ. Riot's Annual Report and other SEC filings detail the risks and factors...Show More