In the fast-moving and competitive world of cryptocurrency, corporate maneuvers can often read like the plot of a thriller novel. This is certainly the case with Riot Platforms' determined but unwelcome advance towards Bitfarms, a move that has sparked intense interest and speculation. At the heart of this corporate feud lies a simple yet significant question: Why is Riot Platforms so set on acquiring Bitfarms, despite the latter's clear resistance?

Bitfarms, known for its considerable prowess and assets in the realm of cryptocurrency mining, stands as a beacon of strategic value. Riot Platforms, a company with its own substantial footprint in the digital mining sector, sees Bitfarms not just as a competitor, but as a trove of assets and opportunities. Bitfarms’ extensive mining facilities, cutting-edge technology, and sizable cryptocurrency reserves make it a jewel worth pursuing. It's this combination of technology, location, and resources that positions Bitfarms as a linchpin in Riot Platforms' ambitions to dominate the industry.

In its bid to consolidate Bitfarms into its operations, Riot Platforms initiated a hostile takeover attempt. This aggressive tactic is often a last resort and speaks volumes about Riot's assessment of the critical nature of this acquisition for its future. Such attempts are fraught with complexities and challenges but underscore Riot’s resolve to reshape its competitive stature in the global cryptocurrency mining scene.

Reacting to Riot Platforms’ unsolicited advances, Bitfarms took a decisive and defensive stance by implementing a poison pill strategy. This maneuver is designed to make the takeover bid far less appealing to Riot by diluting the value of Bitfarms' shares, should Riot attempt to increase its stake without board approval. Bitfarms’ invocation of this strategy is a clear signal of its commitment to independence and its view of Riot’s offer as undervaluing the company's worth and potential.

The implications of this corporate clash extend far beyond the boardrooms of Riot Platforms and Bitfarms. A merger of this nature could significantly alter the dynamics within the cryptocurrency mining sector, affecting market competition, innovation pace, and even the strategic direction of industry innovation. Such a union could herald a new era in cryptocurrency mining, with potential benefits and drawbacks for both the companies involved and the broader industry landscape.

Moreover, the broader impact on the cryptocurrency mining sector is worth considering. The outcome of this takeover attempt could set precedents for how companies navigate future mergers and acquisitions, competition, and growth strategies. It underscores the cutthroat nature of the tech world, where strategic acquisitions can dramatically alter market positions overnight, pushing the sector into new phases of competition and coopetition.

In conclusion, as this battle for control unfolds, it offers a revealing glimpse into the strategic calculus that guides companies in the high-stakes world of cryptocurrency. Riot Platforms' relentless pursuit of Bitfarms is a testament to the latter's value and the former's ambition. The eventual outcome of this struggle will not only determine the future trajectory of both companies but could also have profound implications for the industry's structure and competitive landscape.