The board shakeup at the Toronto-based Bitcoin miner comes amid an ongoing dispute with shareholder Riot Platforms, which previously called for Bonta to resign over “corporate governance concerns.” (The Logic)

Talking point: Riot also announced it has increased its ownership stake in Bitfarms to 18.9 per cent, just shy of the 20 per cent poison pill threshold at which the company would dilute the stake of anyone attempting to buy a significant portion of its shares. Bitfarms raised the threshold from 15 per cent in July after the Ontario Capital Markets Tribunal struck down the original poison pill in response to a complaint from Riot. Earlier in July, Bitfarms appointed Gagnon CEO, about two months after firing outgoing CEO Geoffrey Morphy after he filed a lawsuit claiming breach of contract and wrongful dismissal. Riot has been steadily increasing its stake in Bitfarms over recent months, following a rejected US$950-million takeover bid.