Riot Platforms currently holds a 10% actual ownership of Bitfarms
ChainCatcher news, Riot Platforms, Inc. announced that it acquired ownership of 3,002,350 common shares of Bitfarms Ltd. on May 28, 2024, accounting for approximately 0.75% of the company's issued and outstanding common shares. The weighted average price was about $2.19 per share (approximately $2.99 CAD per share), with the purchase price per share ranging from $2.14 to $2.23 (equivalent to approximately $2.92 to $3.04 CAD based on the exchange rate), for a total amount of $6,572,744.62 (equivalent to approximately $8,963,909.11 CAD).Prior to this, Riot actually owned 36,856,350 common shares, accounting for approximately 9.25% of the issued and outstanding common shares. Following the completion of the aforementioned acquisition, as of the date of this report, Riot actually owns 39,858,700 common shares of Bitfarms Ltd., accounting for approximately 10.00% of the issued and outstanding common shares.