The harsh confrontation between the US RIOT and Canadian Bitfarms companies continues. RIOT, which is the largest shareholder of Bitfarms with 19.9%, once again warned the Bitfarms board of directors today. In the open letter shared, he stated that before the ‘special shareholders meeting’ to be held on 29 October, the current Bitfarms management should stop taking steps to protect the board of directors.

RIOT, which has recently increased its purchases of Bitfarms shares, has increased its power within the company and enabled two co-founders Emiliano Grodzki and Nicolas Bonta to resign. However, RIOT states that further changes should be made in the Bitfarms board of directors and some ‘independent’ members should also be included in the group.

Bitfarms, on the other hand, states that RIOT’s steps only serve the interests of RIOT, not its shareholders.

RIOT made a $900 million offer to buy Bitfarms in recent months, but Bitfarms rejected the offer as too low.

RIOT is seen as the largest Bitcoin mining company in the US, along with Marathon.