Bitfarms, a global leader in blockchain infrastructure, has issued a response to Riot Blockchain’s proposed board changes. The company expressed their concerns about the proposed changes, emphasizing that it would not be beneficial for the company or its shareholders. Bitfarms reiterated their commitment to maintaining a strong and independent board which can act in the best interest of all shareholders.
Bitfarms stated that the proposed changes seem to be solely for the benefit of Riot Blockchain, a competitor in the industry. The company also pointed out that the proposed board members lack the necessary experience in the blockchain industry, which could potentially harm the company’s future performance. Bitfarms also questioned the timing of the proposed changes, suggesting that they are intended to divert attention away from Riot Blockchain’s ongoing operational issues.
In conclusion, Bitfarms is firmly against the proposed board changes by Riot Blockchain. The company believes that it is crucial to maintain an independent and experienced board to make decisions that are in the best interest of all shareholders. It is clear that Bitfarms is committed to maintaining its leadership position in the blockchain industry and will continue to protect the interests of its shareholders.
