Bitfarms, a cryptocurrency mining company, has responded to an open letter from Riot Platforms criticizing the recent changes to Bitfarms' board of directors. Bitfarms argued that the upcoming shareholder meeting is not about corporate governance, as Riot Platforms had claimed, but rather about Riot Platforms' own interests in proposing the changes.

Bitfarms also stated that the recent changes to its board and management team were made independently of Riot Platforms. The company defended its proposed acquisition of mining company Stronghold, saying it would help grow its operations and rebalance its energy portfolio toward the United States.

The corporate feud between the two companies appears to be escalating, with Riot Platforms calling for more changes at Bitfarms despite the recent board changes. Bitfarms has maintained that its actions were in the best interests of the company and its shareholders.

Source: https://cointelegraph.com/news/bitfarms-issues-response-to-riot-platforms-proposed-board-changes

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