Order: Riot Platforms, Inc v Bitfarms Ltd

Order
Download PDF

RIOT PLATFORMS, INC.

Applicant

- and - 

BITFARMS LTD. & ONTARIO SECURITIES COMMISSION

Respondents

 

File No. 2024-11

Adjudicator: Timothy Moseley

June 27, 2024

ORDER
 

WHEREAS on June 27, 2024, the Capital Markets Tribunal held a hearing by videoconference regarding the application filed by Riot Platforms, Inc. dated June 24, 2024, requesting certain relief with respect to the shareholder rights plan adopted by Bitfarms Ltd. on June 10, 2024;

AND WHEREAS the Tribunal considered a request for intervenor status by the Special Committee of the Board of Directors of Bitfarms (the Special Committee);

ON HEARING the submissions of the representatives for Riot Platforms, the Special Committee and the Ontario Securities Commission, and on being advised that Bitfarms consents to, and Riot Platforms and the Commission do not oppose, the Special Committee’s request for intervenor status on the terms set out in this order;

IT IS ORDERED THAT:

  1. pursuant to rule 24(4) of the Capital Markets Tribunal Rules of Procedure:
    1. the Special Committee is granted intervenor status in this proceeding, with full rights of participation; and
    2. Bitfarms will not file evidence, examine witnesses or make submissions in this proceeding; and
  2. a further case management hearing is scheduled for July 2, 2024, at 9:00 a.m., by videoconference, or as may be agreed to by the parties and set by the Governance & Tribunal Secretariat.

 

“Timothy Moseley”
Timothy Moseley