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Bitfarms | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Riot Platforms, Inc.(13.1%)

SEC announcement ·  Jun 12 19:21
Summary by Futu AI
Riot Platforms, Inc., a Nevada-based corporation, has filed an amendment to its Schedule 13D with the United States Securities and Exchange Commission, indicating a significant increase in its ownership stake in Bitfarms Ltd., a Canadian corporation. As of June 11, 2024, Riot Platforms reported beneficial ownership of 53,793,440 common shares of Bitfarms, representing 13.1% of the company. This position reflects purchases made using Riot Platforms' working capital, totaling an aggregate purchase price of US$111,090,522. The filing also includes a press release dated June 12, 2024, in which Riot Platforms comments on a shareholder rights plan adopted by Bitfarms on June 10, 2024. The press release is included as an exhibit to the filing. The Schedule 13D amendment details recent transactions by Riot Platforms, including the purchase of over 5.9 million shares of Bitfarms in early June 2024 at prices ranging from $2.14 to $2.54 per share. The filing provides transparency on the holdings and intentions of Riot Platforms regarding its investment in Bitfarms.
Riot Platforms, Inc., a Nevada-based corporation, has filed an amendment to its Schedule 13D with the United States Securities and Exchange Commission, indicating a significant increase in its ownership stake in Bitfarms Ltd., a Canadian corporation. As of June 11, 2024, Riot Platforms reported beneficial ownership of 53,793,440 common shares of Bitfarms, representing 13.1% of the company. This position reflects purchases made using Riot Platforms' working capital, totaling an aggregate purchase price of US$111,090,522. The filing also includes a press release dated June 12, 2024, in which Riot Platforms comments on a shareholder rights plan adopted by Bitfarms on June 10, 2024. The press release is included as an exhibit to the filing. The Schedule 13D amendment details recent transactions by Riot Platforms, including the purchase of over 5.9 million shares of Bitfarms in early June 2024 at prices ranging from $2.14 to $2.54 per share. The filing provides transparency on the holdings and intentions of Riot Platforms regarding its investment in Bitfarms.
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