Bitfarms (BITF) Responds to Unsolicited Proposal from Riot Platforms (RIOT)

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Go back to Bitfarms (BITF) Responds to Unsolicited Proposal from Riot Platforms (RIOT)

Stifel Canada Downgrades Bitfarms Ltd. (BITF) to Hold

May 29, 2024 4:35 PM EDT

Stifel Canada analyst Bill Papanastasiou downgraded Bitfarms Ltd. (NASDAQ: BITF) from Speculative Buy to Hold with a price target of $2.30 (from $3.25).

The analyst comments "RIOT Platforms Inc. (RIOT-N) revealed its proposal to acquire all the outstanding shares of BITF to create the... More

Bitfarm rejects Riot’s acquisition bid, says it undervalues the company

May 29, 2024 8:53 AM EDT

Bitfarms (NASDAQ: BITF) has rejected Riot Platforms' (NASDAQ: RIOT) unsolicited offer to acquire the Bitcoin miner at $2.30 per share in cash and stock, claiming the proposal significantly undervalues the company and its growth prospects.

The Toronto-based company also said it has received additional unsolicited... More