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Bitfarms | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Riot Platforms, Inc.(11.3%)

SEC announcement ·  Jun 4 19:12
Summary by Futu AI
Riot Platforms, Inc., a Nevada corporation, has filed an Amendment No. 2 to Schedule 13D, reporting a significant stake in Bitfarms Ltd., a Canadian corporation. The amendment, dated June 3, 2024, follows the initial Schedule 13D filed on May 28, 2024, and the first amendment dated May 29, 2024. Riot Platforms disclosed an 11.3% ownership in Bitfarms, with 44,866,115 common shares. The aggregate purchase price for these shares was reported as US$89,972,452, funded from Riot Platforms' working capital. The filing also detailed recent transactions by Riot Platforms, including the purchase of shares on May 30, May 31, and June 3, 2024, with prices ranging from $2.15 to $2.36 per share. The filing was certified as true, complete, and correct by Colin Yee, Chief Financial Officer of Riot Platforms, on June 4, 2024.
Riot Platforms, Inc., a Nevada corporation, has filed an Amendment No. 2 to Schedule 13D, reporting a significant stake in Bitfarms Ltd., a Canadian corporation. The amendment, dated June 3, 2024, follows the initial Schedule 13D filed on May 28, 2024, and the first amendment dated May 29, 2024. Riot Platforms disclosed an 11.3% ownership in Bitfarms, with 44,866,115 common shares. The aggregate purchase price for these shares was reported as US$89,972,452, funded from Riot Platforms' working capital. The filing also detailed recent transactions by Riot Platforms, including the purchase of shares on May 30, May 31, and June 3, 2024, with prices ranging from $2.15 to $2.36 per share. The filing was certified as true, complete, and correct by Colin Yee, Chief Financial Officer of Riot Platforms, on June 4, 2024.
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