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

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 that could affect forward-looking statements. The document clarified that it is not an offer to sell securities or a solicitation of a proxy from Bitfarms shareholders. Any future proxy solicitation would comply with regulatory requirements. Riot has outlined the process for a potential business combination with Bitfarms, which would involve filing necessary documents with the SEC and Canadian securities regulatory authorities. Investors and security holders are advised to read these filings carefully if and when they become available for important information regarding the proposed transaction.