On June 12, 2024, Riot Platforms Inc commented on the shareholder rights plan adopted by Bitfarms Ltd, which takes immediate effect and effectively prevents any shareholder from acquiring 15% or more of the Company?s common shares without making a formal take-over bid for all the Company?s shares. In addition, Riot Platforms stated that it has sent letters to the Company regarding addition of at least 2 new independent directors, instead of engaging the Company has responded by implementing an off-market Poison Pill with a trigger well below the customary 20% threshold. Further, Riot Platforms stated that in its recent letter urged the Company Board to facilitate the resignation and removal of Chairman and interim CEO Nicolas Bonta, and it stated that it will continue to address the corporate governance issues at the Company and ensure that shareholders have a say on the Company?s path forward.