Bitfarms chair Bonta to step down amid board fight with rival Riot
Bitcoin
:Bitcoin miner Bitfarms said on Tuesday its co-founder and chair Nicolas Bonta, one of the three board members its rival and top shareholder Riot Platforms sought to replace, will exit immediately. The two companies have been locked in a dispute since April, when Riot made an unsolicited $950 million offer to acquire the Canada-based company. Bitfarms said the bid undervalued it and adopted a poison pill to fend off any attempts at a hostile takeover. Riot withdrew its offer, but is seeking
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