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Bitfarms | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-CVI Investments, Inc.(2.8%),Heights Capital Management, Inc.(2.8%)

SEC announcement ·  Feb 15 04:37
Summary by Futu AI
On December 31, 2023, Bitfarms Ltd., a cryptocurrency mining company, was the subject of a Schedule 13G/A filing with the SEC, indicating a significant shareholding by CVI Investments, Inc. and Heights Capital Management, Inc. The filing, dated February 12, 2024, reports that CVI Investments, with Heights Capital Management as the investment manager, holds an aggregate of 9,259,260 common shares, representing 2.8% of Bitfarms Ltd. This stake is primarily through shared voting and dispositive power. The shares include those issuable upon the exercise of warrants. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of Bitfarms Ltd. and were not held in connection with any transaction having that purpose or effect. Both entities have disclaimed beneficial ownership of the shares, except to the extent of their pecuniary interest.
On December 31, 2023, Bitfarms Ltd., a cryptocurrency mining company, was the subject of a Schedule 13G/A filing with the SEC, indicating a significant shareholding by CVI Investments, Inc. and Heights Capital Management, Inc. The filing, dated February 12, 2024, reports that CVI Investments, with Heights Capital Management as the investment manager, holds an aggregate of 9,259,260 common shares, representing 2.8% of Bitfarms Ltd. This stake is primarily through shared voting and dispositive power. The shares include those issuable upon the exercise of warrants. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of Bitfarms Ltd. and were not held in connection with any transaction having that purpose or effect. Both entities have disclaimed beneficial ownership of the shares, except to the extent of their pecuniary interest.
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