Related: Riot subsidiary Whinstone US sues former JV partner over revenue flow Riot has also been aggressively trying to take over rival mining firm Bitfarms with a $950 million buyout offer in mid-June. The firm notched a win on July 24 when a Canadian tribunal terminated Bitfarms' "poison pill" strategy, which was aimed at preventing the takeover attempt by Riot, effectively removing a major obstacle in its acquisition efforts. Riot Platforms, through its subsidiary Whinstone US, is also embroiled in a legal dispute with its former joint venture partners over a Bitcoin mining operation at a large mining facility in the United States.