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RIOT Still Buying BITF??? (Patreon)

Published:
2024-08-22 21:25:40
Imported:
2026-06
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Content

You can clearly see in the chart here how $RIOT is scooping up $BITF dips like clockwork, especially since August 1st. There are no dips

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Comments

MacF1

By now, Riot must be at or nearly at the maximum amount of share ownership of Bitfarms that they’re allowed. 19.9%. If they hit 20% ownership, then they’re legally obliged to make another offer to buy the company outright. (Canadian law) At that point, Bitfarms can unleash their “poison pill” which would be catastrophic for Riot, so unlikely to happen. In addition, Bitfarms just announced a deal to buy Stronghold which will mean Bitfarms “own” 1.6GW of power, the same amount that riot have. This means Riot and BitF are much more closely aligned, size wise. Will Riot make another offer to buy BitF? It’d have to be a seriously good offer now! Hopefully James will look into it for us all.

MGM

RIOT have excelled at doing nothing positive for their shareholders, no doubt about that! 😂

MGM

It is useful to keep in mind that Bitfarms is a Canadian miner. Lots of risk attached to that.

Ward Weaire

and what are those risks ?

Plan Tesla

I think Trump played his Wild Card by giving Robert F Kennedy a chair in his administration and this is f**g Crypto Friendly.. I love it.. What you'll think 💬 and he drops from the race

Joz

I think crypto is going to pump this weekend 🚀

AeroMD

BitFarms is buying Stronghold

mrcanning

Sold my Riot a couple months back, poopy.

mrcanning
>>147354687

He already worked during Trumps previous administration on one of his committees I believe. They already know each other well. Trump is a moderate regardless of how the msm try to paint him.