Riot Platforms, Inc., a Bitcoin mining company, has increased its stake in Bitfarms Ltd. to 14% through the purchase of additional shares worth $3.87 million. This move is seen as a strategic effort by Riot Platforms to potentially influence governance decisions within Bitfarms. The acquisition signifies Riot Platforms' continued investment in the Bitcoin mining sector.
Riot Platforms, Inc. acquires a 14% stake in Bitfarms Ltd., increasing ownership and signaling intentions to influence governance decisions. #RiotPlatforms #BitfarmsLtd #BusinessNews
Bitcoin mining company Riot Blockchain has made a significant move by increasing its stake in rival Bitfarms to 14%, through the purchase of $3.87 million worth of shares. #Bitcoin #RiotBlockchain #Bitfarms $RIOT $BITF
[THE BLOCK] Riot Platforms raises #Bitfarms stake to 14%, buys another $3.87 million worth of shares $RIOT $BITF
Riot Platforms raises Bitfarms stake to 14%, buys another $3.87 million worth of shares https://t.co/l7dNchv3A6
Riot Platforms, Inc. Reports Beneficial Ownership of 14% in Bitfarms Ltd. https://t.co/L4LqjU7S01 https://t.co/Cn9eFa2Ql6