Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. Strong economic signals and a positive inflation report lifted the market rally during the first quarter. The fund returned 6.25% during the quarter underperforming the 6.92% return of the Russell […]
Riot, which is the biggest shareholder in Bitfarms with a nearly 15% stake, said it was "ready to engage" with the company's reconstituted board about a potential transaction. The two companies have been at loggerheads since Riot made an unsolicited offer in April to acquire the company for about $950 million. Bitfarms rejected the offer, saying it significantly undervalued the company and approved a poison pill plan to prevent any attempts at a hostile takeover.
Dow futures rose Monday, while Nvidia continued to pressure the Nasdaq. Bitcoin also retreated Monday. Amazon and Meta are near buy points.