Riot (RIOT) Takeover Proposal “Significantly Undervalues” Bitfarms (BITF), Crypto Miner Says

A committee of the board considering the approach “determined it significantly undervalues the company and its growth prospects,” the Toronto-based firm said Wednesday. “In order to advance discussions with Riot in a meaningful manner, the committee requested customary confidentiality and non-solicitation protections to which Riot did not respond.”