Crypto Biz: Bitfarms gets new board after months of power struggles

Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. 

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The conflict between Bitfarms and Riot Platforms has been resolved through governance changes. 

The companies announced a settlement on Sept. 23, with Riot agreeing to withdraw proposals and support board expansion, adding Amy Freedman and another member, while Andrés Finkielsztain stepped down. 

In addition, both companies agreed to a standstill arrangement lasting until 2026, preventing further hostile actions between the Bitcoin (BTC) miners. The settlement is expected to restore Bitfarms’ leadership amid previous disputes, including those linked to former CEO Geoffrey Morphy.

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