Bitfarms Shares Rise on Riot Settlement Agreement (1)

(Updates with share price movement and analyst commentary.)

Bitfarms shares rise as much as 3.5% after the cryptocurrency mining firm and Riot Platforms announced that they have entered into a settlement agreement ahead of Bitfarms’ special meeting, currently scheduled for Nov 6.

• Bitfarms’ Andrés Finkielsztain has stepped down from the board of directors
• Standstill agreement through 2026 annual meeting
• Riot has agreed to withdraw its June 24 requisition, as amended, and to accept customary standstill provisions through the Bitfarms 2026 annual meeting
• NOTE: Bitcoin Miner Truce Leaves Open Possibility of Riot Takeover Bid

ANALYST COMMENTARY

• Stifel analyst Bill Papanastasiou said ...