Summary by Futu AI
Riot Platforms, Inc., a Nevada corporation, has filed an amendment to its Schedule 13D, reporting an increase in its beneficial ownership of Bitfarms Ltd. common shares to 14.0%. The amendment, dated June 13, 2024, is the fifth such amendment and follows a series of filings that began on May 28, 2024. Riot Platforms disclosed that the aggregate purchase price for the shares was approximately $120.78 million, funded from its working capital. The filing also detailed recent transactions, including the purchase of over 2.4 million shares on June 12, 2024, at an average price of $2.42 per share, and over 1.4 million shares on June 13, 2024, at an average price of $2.70 per share. The press release issued by Riot Platforms on the same day as the filing is incorporated by reference into the amendment.