On June 13, 2024, Riot Platforms, Inc. ('Riot') announced the acquisition of additional shares in Bitfarms Ltd., increasing its beneficial ownership to approximately 14% of the issued and outstanding common shares. The acquisition involved 1,432,063 common shares, purchased through normal course transactions on the Nasdaq Stock Market and other open market trades, for a total amount of approximately US$3.87 million. Prior to this transaction, Riot owned approximately 13.65% of Bitfarms. Riot also expressed its intention to call a special meeting of Bitfarms' shareholders to nominate new directors to the board, citing concerns over the current board's governance. Riot will continue to review its investment in Bitfarms and may make further changes to its holdings based on various factors, including market conditions and discussions with Bitfarms' board and advisors. The Early Warning Report detailing the acquisition will be filed and made available on the SEDAR+ website.

On June 13, 2024, Riot Platforms, Inc. ('Riot') announced the acquisition of additional shares in Bitfarms Ltd., increasing its beneficial ownership to approximately 14% of the issued and outstanding common shares. The acquisition involved 1,432,063 common shares, purchased through normal course transactions on the Nasdaq Stock Market and other open market trades, for a total amount of approximately US$3.87 million. Prior to this transaction, Riot owned approximately 13.65% of Bitfarms. Riot also expressed its intention to call a special meeting of Bitfarms' shareholders to nominate new directors to the board, citing concerns over the current board's governance. Riot will continue to review its investment in Bitfarms and may make further changes to its holdings based on various factors, including market conditions and discussions with Bitfarms' board and advisors. The Early Warning Report detailing the acquisition will be filed and made available on the SEDAR+ website.