@yusufholleybo

Bitcoin miner Bitfarms has approved a new shareholder protection strategy to prevent a hostile takeover by rival Riot Platforms. On June 24, the Ontario Capital Markets Tribunal ruled in favor of Riot, ordering Bitfarms to immediately terminate its previous plan. The initiative, commonly referred to as the “Poison Pill,” adopted in June, would have required the company to issue new shares if a third party accumulated 15% of its shares, diluting the buyer’s stake.

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