Bitfarms delayed its special shareholders’ meeting to address Riot’s demand for board changes, aiming for an informed decision.
Bitcoin (BTC) mining firm Bitfarms rescheduled its October shareholders “special meeting” to Nov. 6 in response to calls for changes to the company’s board of directors from its largest shareholder, Riot Platforms.
On Sept. 3, Riot issued an open letter to Bitfarms shareholders detailing its ongoing efforts to “address Bitfarms’ broken governance,” which includes appointing Ben Gagnon as CEO and a member of the Bitfarms Board.
However, Gagnon joined the board following the departure of two Bitfarms co-founders, Emiliano Grodzki and Nicolas Bonta. Riot recommended a more proactive approach to preserve shareholders’ interests:
