Riot Platforms acquires additional 1 million Bitfarm common shares for $2.28 million

10/25 15:23

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According to regulatory filings, Riot Platforms, the third-largest bitcoin miner on Wall Street, has significantly increased its stake in rival Bitfarms Ltd. Riot purchased an additional 1 million common shares of Bitfarms through open market purchases, valued at approximately $2.28 million. Riot's total holdings in Bitfarms have increased from 84.3 million shares to 85.3 million shares. With this acquisition, Riot now owns 18.9% of Bitfarms.

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