On September 9, 2024, Bitfarms Ltd announced that it has rescheduled the Special Meeting of shareholders from October 29, 2024, to November 6, 2024, which has been called in response to a requisition made by Riot Platforms, Inc on June 24, 2024, and amended on September 3, 2024. The Special Meeting was rescheduled to provide the Company Special Committee adequate time to review and respond to Riot?s Amended Requisition and provide shareholders with sufficient time to evaluate the information relevant to this voting decision regarding the future of their investment in the Company. The Company?s Special Committee continues to seek to engage constructively with Riot in an effort to resolve the Amended Requisition so that the Company need not expend its cash resources to protect the interests of its shareholders against the actions of Riot, and the Company Special Committee has proposed the terms set out in a settlement agreement forwarded to Riot that the addition of 1 mutually agreed upon Board nominee resulting in an increase of the size of the Board to 6, and standstill and other customary provisions.
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