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Riot Platforms | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Riot Platforms, Inc.(14.0%)

SEC announcement ·  Jun 14 09:14
Summary by Futu AI
Riot Platforms, Inc., a Nevada-based corporation, has filed an amendment to its Schedule 13D, reporting an increased beneficial ownership in Bitfarms Ltd. to 14.0%. The amendment, dated June 13, 2024, represents the fifth amendment to the original Schedule 13D filed on May 28, 2024. Riot Platforms disclosed that the aggregate purchase price for the acquired Common Shares was approximately $120.78 million, funded through its working capital. The company also issued a press release on the same date, detailing the transaction. Over the 60-day period prior to the filing, Riot Platforms made significant purchases of Bitfarms Ltd.'s shares, including over 2.4 million shares on June 12 and more than 1.4 million shares on June 13, 2024, at varying prices. The filing and the associated press release were signed by Colin Yee, Chief Financial Officer of Riot Platforms, Inc.
Riot Platforms, Inc., a Nevada-based corporation, has filed an amendment to its Schedule 13D, reporting an increased beneficial ownership in Bitfarms Ltd. to 14.0%. The amendment, dated June 13, 2024, represents the fifth amendment to the original Schedule 13D filed on May 28, 2024. Riot Platforms disclosed that the aggregate purchase price for the acquired Common Shares was approximately $120.78 million, funded through its working capital. The company also issued a press release on the same date, detailing the transaction. Over the 60-day period prior to the filing, Riot Platforms made significant purchases of Bitfarms Ltd.'s shares, including over 2.4 million shares on June 12 and more than 1.4 million shares on June 13, 2024, at varying prices. The filing and the associated press release were signed by Colin Yee, Chief Financial Officer of Riot Platforms, Inc.
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