Riot Platforms reports 16.9% ownership in Bitfarms
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Contributor since / Followers
Contributor since / Followers
2 months ago
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- Riot Platforms (NASDAQ:RIOT) announced that on August 2, 2024 it acquired ownership of 380,838 shares of Bitfarms (NASDAQ:BITF) representing ~0.08% of shares.
- The purchased shares were acquired through normal course purchases on the Nasdaq for an average price of $2.40 per share (equivalent to ~C$3.33 per share)
- Riot (RIOT) beneficially owned ~75.88M shares, representing ~16.82%. Following completion of the acquisition, Riot (RIOT) beneficially owned ~76.27M shares, representing ~16.90%.
- Bitfarms (BITF) price slumped 11% to $1.95 on Monday during pre-market trade.
- Riot (RIOT) price slumped 9.7% to $7.74 pre-market.