Riot Platforms announced the sale of an additional 1,784,000 common shares of Bitfarms Ltd., representing approximately 0.32% of Bitfarms' issued and outstanding common shares. The shares were sold for a weighted average price of approximately $1.13 per share, totaling $2,014,314.40.
Immediately prior to these sales, Riot beneficially owned 58,991,521 Bitfarms Common Shares, or approximately 10.61% of the outstanding shares. Following the completion of these sales, Riot's beneficial ownership decreased to 57,207,521 Common Shares, representing approximately 10.29%.
Riot maintains its intention to review its investment in Bitfarms on a continuing basis, allowing for flexibility in its holdings based on market conditions and strategic considerations.
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