This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023 Ms. Philip is a recognized expert in the blockchain technology field and an accomplished finance executive with an extensive background in audit, public company reporting and mergers and acquisitions. She is the founder of MTI Conseils Inc., an accounting firm that provides outsourced accounting and CFO services ...

Investing in growth stocks under $10 could prove incredibly lucrative over the long term. However, with megacap stocks dominating the market, it's easy to overlook penny stocks that could become giants in the future. Remember, today's stock market bellwethers began as humble, low-priced stocks. Source: PHOTOCREO Michal Bednarek / Shutterstock.com The firm is targeting an ambitious 35 EH/s in hash rate capacity by 2025, underscoring its commitment to scaling operations. Hence, its forward-thinking approach m ...

Core Viewpoint - Bitfarms is committed to maximizing shareholder value through a strategic alternatives review process, which includes evaluating a proposal from Riot Platforms that was deemed significantly undervalued [2][7]. Group 1: Strategic Review Process - The Bitfarms Board established a Special Committee of independent directors to conduct a thorough evaluation of opportunities to maximize shareholder value [2]. - Riot's proposal of $2.30 per share represents a 22% discount to Bitfarms' closing price as of June 21, 2024, and was considered significantly undervalued by the Special Committee [2]. - The Special Committee has invited Riot to engage in the process but expressed disappointment at Riot's lack of constructive participation [2]. Group 2: Company Overview - Bitfarms is a global Bitcoin mining company founded in 2017, operating vertically integrated mining farms with in-house management and technical services [9]. - The company currently operates 12 Bitcoin mining facilities and has one under development across Canada, the United States, Paraguay, and Argentina, primarily powered by environmentally friendly hydroelectric energy [10]. - Bitfarms utilizes a proprietary data analytics system to enhance operational performance and uptime [9]. Group 3: Shareholder Engagement - Bitfarms confirmed receipt of a shareholder meeting requisition from Riot, aimed at gaining control of the Board of Directors [7]. - The company remains committed to constructive engagement with all shareholders and will review the requisition, providing updates in due course [8]. - Shareholders are not required to take any action at this time regarding the requisition [8].

Group 1 - Riot Platforms is pursuing a direct engagement with Bitfarms shareholders, calling for a special shareholder meeting to discuss its acquisition plans [1][2][6] - The company has withdrawn its previous offer of $2.30 per share for all outstanding Bitfarms shares after the offer was rejected by Bitfarms' board [5] - Riot Platforms aims to replace three current Bitfarms board members with independent directors, leveraging its position as the largest investor with a 14.9% stake [6][7] Group 2 - Following Riot Platforms' actions, Bitfarms' stock (BITF) has decreased by 6.1%, with over 12 million shares traded, which is below its daily average of approximately 22 million shares [7]

Core Viewpoint - Riot Platforms withdrew its $2.30 per share offer to acquire Bitfarms, which was valued at approximately $950 million, but remains committed to pursuing a transaction contingent on changes to Bitfarms' board [1][2][3]. Group 1: Acquisition Dynamics - Bitfarms rejected Riot Platforms' acquisition proposal, prompting Riot to seek board changes as a prerequisite for further negotiations [2][3]. - Riot Platforms nominated three candidates for Bitfarms' board, indicating a strategy to gain influence within Bitfarms' governance structure [3]. - Riot holds a nearly 15% stake in Bitfarms, which it is leveraging to push for boardroom changes essential for advancing acquisition plans [3]. Group 2: Financial Performance - Bitfarms reported $50 million in revenue for Q1, reflecting a year-over-year increase of about 9.0%, with a gross mining margin of 59% [4]. - The Canadian tax authorities confirmed a $24 million VAT refund for Bitfarms, enhancing its financial flexibility for future growth initiatives [5].

On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That's because these "penny stocks" are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.com's writers disclose this fact and warn readers of the ri ...

Group 1: Penny Stocks Overview - Penny stocks present significant investment opportunities due to their lower market caps and higher volatility, attracting investors willing to take on more risk [1][2] - Certain penny stocks are gaining attention for their innovative business models and potential for substantial growth, particularly in niche markets or due to regulatory changes [2] Group 2: Bitfarms (BITF) - Bitfarms operates in North and South America, strategically located in regions with favorable energy costs and regulatory environments, including Canada, the U.S., Argentina, and Paraguay [4][5] - The company focuses on Bitcoin mining using low-cost renewable energy, achieving electricity costs as low as $0.03 per kWh in Argentina, which enhances profit margins [6] - Bitfarms reported a year-over-year revenue growth of 67%, with Q1 2024 revenues reaching $50 million, and a sequential increase of 50% in adjusted EBITDA [7] Group 3: Denison Mines (DNN) - Denison Mines is a key player in the uranium mining sector, particularly in the Athabasca Basin of Saskatchewan, Canada, known for high-grade uranium deposits [10][11] - The company's flagship Wheeler River Uranium Project is the largest undeveloped uranium asset in the region, positioning Denison for substantial growth as nuclear power market conditions improve [11] - Denison holds a 22.5% interest in the McClean Lake Joint Venture, which processes ore from several mines, including the Cigar Lake mine, and has strategically acquired 2.5 million pounds of U3O8 at lower costs than current market prices [12][13] Group 4: TeraWulf (WULF) - TeraWulf is emerging in cryptocurrency mining, focusing on zero-carbon energy sources and developing AI data centers [15][16] - The company operates two major facilities in the U.S., utilizing hydroelectric and nuclear energy, achieving power costs as low as $0.02 per kWh, which significantly reduces operational costs [16] - TeraWulf's dual focus on cryptocurrency mining and AI data centers positions it uniquely in the tech industry, potentially attracting diverse investments [17]

Meanwhile, speculators pushed BITF stock price to $3.03 per share overnight, the market capitalization rising to $1.25 billion. RIOT stock was due to open at $11.05, a market cap of $3.2 billion. Shares of both Bitcoin miners have been hammered so far in 2024. Riot is down by almost 29%. Bitfarms' price had been nearly cut in half before Riot began its takeover effort. It is now down just 1% on the year. However, Bitfarms also adopted what's called a "poison pill" that would have it issue new shares once Ri ...

Penny stocks offer savvy investors a whole host of opportunities. Though there will always be purely speculative plays, some promising companies can become high-quality stocks in the future. Gold Royalty (GROY) Source: Alexander Limbach / Shutterstock Gold Royalty (NYSEMKT:GROY) is a precious metals play that is relatively attractive to its peers due to its unique business model. The company isn't directly involved in mining activities, unlike traditional gold miners. Instead, it provides the capital needed ...

-First U.S. large scale site supports 8 EH/s in 2025 with deployment of 600 PH/s in 2024- -Strategically located in PJM Interconnection market, providing access to low-cost, flexible power- -Increases 2025 power capacity to 648 MW, up 170% from current 240 MW- -Company establishes 2025 guidance of over 35 EH/s- Situated strategically within the Pennsylvania-New Jersey-Maryland Interconnection (PJM), the largest wholesale electricity market in the U.S., and located in a deregulated state, this site offers ac ...