Bitfarms Ltd.'s Shareholder Rights Plan Review Deferred by TSX

2 min read | July 26, 2024 12:00 AM EDT | By Team Kalkine Media

Google News:

Bitfarms Ltd.'s Shareholder Rights Plan Review Deferred by TSX — Image source: shutterstock.com

Recent News

Why Is BlackBerry’s QNX Expansion Drawing S&P/TSX Composite Attention?

Why Is MDA Space Expanding Defence Programs in the S&P/TSX Index?

Why Is the S&P/TSX Composite Index Watching AbraSilver's Drill Surge?

Why Is Vizsla Silver Advancing Panuco as TSX Mining Stocks Gain Moment...

Make Kalkine Media
My Trusted Source

Bitfarms Ltd. (Nasdaq/TSX:BITF), a globally integrated Bitcoin mining company, has announced that the Toronto Stock Exchange (TSX) will defer its review of the company’s shareholder rights plan (the "Rights Plan"), initially announced on July 24, 2024. The TSX's deferral is contingent upon two conditions: (i) assurance that the appropriate securities commission will not intervene according to National Policy 62-202, and (ii) the ratification of the Rights Plan by the company’s shareholders by January 24, 2025.

Despite this deferral, the Rights Plan remains operational and effective for at least six months from its adoption date on July 24, 2024, unless terminated earlier.

The full text of the Rights Plan is available on SEDAR+ at www.sedarplus.ca or on the SEC’s website at www.sec.gov.

About Bitfarms Ltd.

Established in 2017, Bitfarms is a prominent Bitcoin mining company that contributes computational power to various mining pools in exchange for Bitcoin payments. The company operates vertically integrated mining farms with in-house management, including its own electrical engineering and installation services, as well as multiple on-site technical repair centers. Bitfarms utilizes a proprietary data analytics system to ensure top-tier operational performance and uptime.

Currently, Bitfarms operates 12 Bitcoin data centers with two more under development, located in Canada, the United States, Paraguay, and Argentina. The company focuses on sustainable energy, with a significant portion of its power sourced from hydroelectric facilities and long-term power agreements. Bitfarms is dedicated to leveraging environmentally friendly and underutilized energy resources.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.