On September 4, 2024, Bitfarms Ltd., a global leader in Bitcoin data center operations, filed a material change report with the Canadian Securities Regulatory Authorities and issued a statement in response to Riot Platforms, Inc.'s amended requisition proposal and associated claims. Bitfarms asserts that Riot's actions are an attempt to acquire the company at a discount, not in the interest of Bitfarms shareholders. Bitfarms has made recent leadership changes independently to enhance shareholder value and has proposed the acquisition of Stronghold to diversify power access and rebalance its energy portfolio towards the U.S. This transaction is expected to increase Bitfarms' power capacity to over 950 MW by the end of 2025. The company remains committed to delivering value to its shareholders and will respond to Riot's proposal in due course. Bitfarms operates 12 Bitcoin data centers and is developing two more across four countries, focusing on sustainable energy use.

On September 4, 2024, Bitfarms Ltd., a global leader in Bitcoin data center operations, filed a material change report with the Canadian Securities Regulatory Authorities and issued a statement in response to Riot Platforms, Inc.'s amended requisition proposal and associated claims. Bitfarms asserts that Riot's actions are an attempt to acquire the company at a discount, not in the interest of Bitfarms shareholders. Bitfarms has made recent leadership changes independently to enhance shareholder value and has proposed the acquisition of Stronghold to diversify power access and rebalance its energy portfolio towards the U.S. This transaction is expected to increase Bitfarms' power capacity to over 950 MW by the end of 2025. The company remains committed to delivering value to its shareholders and will respond to Riot's proposal in due course. Bitfarms operates 12 Bitcoin data centers and is developing two more across four countries, focusing on sustainable energy use.