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

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 a solicitation of an offer to buy securities. Riot Platforms highlighted that any offer to purchase securities would be made in compliance with regulatory requirements and that the document does not solicit a proxy from any Bitfarms shareholder. Riot Platforms and Bitfarms may file regulatory filings with the SEC and Canadian securities regulatory authorities in connection with the proposed transaction, and investors are urged to read these documents carefully if and when they become available.