Riot Platforms reports beneficial ownership of 14.3% in Bitfarms

Riot Platforms (NASDAQ:RIOT) on Monday said that it has sold 1.75 million shares of rival Bitfarms (NASDAQ:BITF) for approximately $1.58 million, as part of an ongoing review of its investment following a failed takeover attempt that had increased its stake to nearly 15%.
Bitfarms (NASDAQ:BITF) stock rose 4% in pre-market trading to $0.96. Riot (NASDAQ:RIOT) rose 0.49% to $10.17.
Riot (RIOT) sold shares on June 9 across Nasdaq and other public markets at a weighted average price of approximately $0.90 per share, reducing its beneficial ownership to 14.3%, the company said.

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