Riot Expresses Concerns Over Bitfarms’ Acquisition of Stronghold

Riot Platforms has voiced its concerns regarding Bitfarms’ recent acquisition of Stronghold Digital Mining, stating that it could have an unhealthy impact on the cryptocurrency mining market. Riot, known for its active position in Bitcoin mining, reports that the deal, which values Stronghold at $20 million, carries risks for the entire industry due to its potential for centralization and lack of competition.

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