Riot Platforms has agreed to suspend its attempt to take over Bitfarms. Since May 2024, Riot has more than doubled its stake in Bitfarms to

Riot Platforms and Bitfarms have reached an agreement that seems to have placed the former's hostile takeover attempts on hold for now.

As part of the settlement, Bitfarms has granted Riot rights to purchase shares, contingent on Riot maintaining a stake of 15% or more. However, Riot has agreed not to exceed 20% ownership without board approval, ensuring some level of control for Bitfarms.