Summary by Futu AI
On June 13, 2024, Riot Platforms, Inc. issued a non-binding proposal to Bitfarms Ltd., cautioning shareholders of both companies that the proposal does not guarantee a definitive offer, acceptance, 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 of any agreement being reached. Riot Platforms also included a cautionary note regarding forward-looking statements, indicating that actual results could materially differ from expectations due to various risks and uncertainties. The company stated it would not provide updates on the proposed transaction unless required by law. The communication was made for informational purposes only and does not constitute an offer to sell or...Show More