Riot Platforms Inc. has unveiled a comprehensive strategy to revamp Bitfarms Ltd., aiming to enhance its operational efficiency and strategic direction. The proposal includes nominating three new directors:

John Delaney, Amy Freedman, and Ralph Goehring, known for their expertise in corporate governance and executive management.

This move involves removing current Chairman Nicolas Bonta and directors Andrés Finkielsztain and Fanny Philip, the latter recently appointed after co-founder Emiliano Grodzki’s resignation.

Riot Platforms stresses the importance of fresh leadership to accelerate Bitfarms’ growth trajectory.

Recently, Bitfarms announced the appointment of a new CEO, marking a pivotal moment amid these proposed changes.