Bitfarms Ltd (NASDAQ: BITF) opened about 10% down on Monday after Riot Platforms Inc (NASDAQ: RIOT) withdrew its $2.30 per share offer to takeover the bitcoin miner. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Shares of Riot Platforms are also in the red at writing. Why did Riot Platforms withdraw its offer for Bitfarms? Copy link to section Bitfarms recently rejected the aforementioned proposal that valued it at about $950 million. The decision ...

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 ...

In the vast expanse of the stock market, penny stocks often go unnoticed by the typical investor. However, for those willing to wade through the riskier waters of low-priced equities, the potential rewards are enormous. With lower market caps and higher volatility, these stocks offer an exciting opportunity for significant gains. Amidst a market that's continually evolving, certain penny stocks are beginning to catch the eyes of savvy investors looking for the next big breakout. Factors such as innovative b ...

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 ...

TORONTO, Ontario and BROSSARD, Québec, June 13, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF), a global vertically integrated Bitcoin mining company, today announced an agreement to develop up to 120 MW of power capacity and lease a site in Sharon, Pennsylvania. Construction at the site will commence immediately following the closing, with development and build-out costs anticipated to be similar to recent deployments in Canada and Paraguay. This represents a significant growth opportunity for B ...

-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 ...

If Riot is passionate about corporate governance as it so purports, Riot should focus on its own Board. Indeed, the Riot Board's corporate governance received a higher risk rating in governance from Institutional Shareholder Services and a 0.4 out of 10 in board accountability from Glass Lewis & Co. Attacking Bitfarms' governance is not only hypocritical, but it is a thinly veiled ploy to achieve Riot's own self-serving agenda and attempt to acquire Bitfarms at a discounted price. Bitfarms currently has 12 ...

-Continues to Welcome Riot's Participation in Ongoing Strategic Alternatives Review Process- The Special Committee has welcomed Riot's interest in the Company and participation in the ongoing Strategic Alternatives Review Process, including by agreeing to the standstill term proposed by Riot. Riot declined to participate in the process and instead has continued to acquire common shares of the Company in the open market in an attempt to undermine the integrity of the process and harm the interests of the Com ...

Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release. About Bitfarms Ltd. TORONTO, Ontario and BROSSARD, Québec, June 10, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) ( ...