<a href="https://ultramining.com/news/en/bitfarms-set-to-boost-mining-capacity-with-quebec-expansion/" rel="noopener noreferrer nofollow">Bitfarms</a> has postponed its special shareholder meeting to November 6, 2024, following a requisition by <a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/" rel="noopener noreferrer nofollow">Riot</a> Platforms, its largest shareholder. Riot, which owns approximately 19.9% of Bitfarms, raised concerns over governance and requested changes to the board structure.
Riot’s involvement has led to the proposed addition of a mutually agreed-upon board nominee, increasing the board size to six members. The move aims to address governance concerns while ensuring that Bitfarms remains focused on its growth and expansion plans. Shareholders are expected to vote on these changes during the rescheduled meeting, which is anticipated to have significant implications for the company's future direction.
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Bitfarms Postpones Shareholder Meeting to November 6 Amid Riot Platforms’ Governance Concerns

Ultramining_Eng

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