Public miners boost capacity while network hashrate declines
Bitfarms' bitcoin production and realized hashrate went up 20% in June
Riot has invested over $132 million in accumulating a 14.9% stake in Bitfarms at an average cost of $2.29 per share
Expansion plans of nearly 900 megawatts since halving
Deal valued at $300,000 per MW for the existing 12 MW of capacity
Riot urges Bitfarms' board to fire its chairman and interim CEO
Riot became a benefical owner of Bitfarms with a 11.62% stake as of June 5
Bison added Bitmain as an additional defendant last year in the case against MineOne
Bitfarms sold 87% of BTC mined in the first full month after bitcoin's fourth halving
Bitcoin hashrate remained at 600 EH/s in the first full month after halving
BITF closed at $2.21 on Tuesday, 4% below Riot's offer of $2.30 per share
Riot proposes takeover after accumulating 9.25% stake in rival Bitfarms