Summary by Futu AI
Riot Platforms, Inc., a Nevada-based corporation, has filed an amendment to its Schedule 13D, reporting a 15.9% ownership stake in Bitfarms Ltd., a company incorporated under the Canada Business Corporations Act. The amendment, dated July 30, 2024, is the seventh to the original Schedule 13D filed on May 28, 2024. Riot Platforms disclosed that the aggregate purchase price for the 71,557,855 Common Shares held was US$159,107,091, acquired using working capital. The filing includes detailed transactions of shares purchased by Riot Platforms over a 60-day period leading up to the filing, with prices ranging from US$2.48 to US$2.84 per share. The percentage ownership is calculated based on 451,285,910 Common Shares outstanding as reported by Bitfarms Ltd.'s transfer agent. The filing was certified as true and correct by Colin Yee, Chief Financial Officer of Riot Platforms.