Riot Platforms, Inc., a Nevada corporation, has filed an amendment to its Schedule 13D, reporting a significant increase in its ownership stake in Bitfarms Ltd., a company incorporated under Canadian law. The amendment, dated August 9, 2024, indicates that Riot Platforms now holds 81,040,216 common shares of Bitfarms, representing an 18.0% stake in the company. This position was acquired with an aggregate purchase price of approximately $181.3 million, funded from Riot Platforms' working capital. The filing also details recent transactions, including the purchase of 1,725,000 shares on August 7, 2024, at an average price of $1.96 per share, and 3,047,898 shares on August 8, 2024, at an average price of $2.22 per share. The ownership increase is based on 451,286,000 Bitfarms common shares outstanding as of June 30, 2024, according to the company's management discussion and analysis.

Riot Platforms, Inc., a Nevada corporation, has filed an amendment to its Schedule 13D, reporting a significant increase in its ownership stake in Bitfarms Ltd., a company incorporated under Canadian law. The amendment, dated August 9, 2024, indicates that Riot Platforms now holds 81,040,216 common shares of Bitfarms, representing an 18.0% stake in the company. This position was acquired with an aggregate purchase price of approximately $181.3 million, funded from Riot Platforms' working capital. The filing also details recent transactions, including the purchase of 1,725,000 shares on August 7, 2024, at an average price of $1.96 per share, and 3,047,898 shares on August 8, 2024, at an average price of $2.22 per share. The ownership increase is based on 451,286,000 Bitfarms common shares outstanding as of June 30, 2024, according to the company's management discussion and analysis.