Bitfarms, Riot settle dispute with board changes
Bitfarms’ board will see Andrés Finkielsztain step down, while Amy Freedman and a sixth member will join the board.
Bitcoin miners Bitfarms and Riot Platforms have reached a settlement that ends a months-long conflict over governance.
Andrés Finkielsztain will step down from Bitfarms’ board of directors as part of the settlement agreement. In addition, Amy Freedman will join the board, and Riot Platforms will withdraw its proposal for further board changes ahead of the upcoming special shareholder meeting.
According to a Sept. 23 announcement, the companies also agreed to a standstill arrangement lasting until 2026. Riot — which owns a substantial stake in Bitfarms — has agreed not to take any further hostile actions toward the company, including another takeover, increasing its stake above a certain threshold, or proposing changes to Bitfarms’ board.
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Author: Ana Paula Pereira
