Riot Platforms, Inc. Acquires Additional Shares in Bitfarms Ltd.

According to Foresight News, Riot Platforms, Inc. has announced the acquisition of 3,002,350 common shares of Bitfarms Ltd. on May 28, 2024. This acquisition represents approximately 0.75% of the issued and outstanding common shares of the company. The weighted average price per share was approximately $2.19, with the range of the purchase price per share being $2.14 to $2.23. The total amount for the acquisition was $6,572,744.62. Prior to this acquisition, Riot owned 36,856,350 common shares, representing approximately 9.25% of the issued and outstanding common shares. Following the recent acquisition, as of the date of this news release, Riot now owns 39,858,700 common shares of Bitfarms Ltd., representing approximately 10.00% of the issued and outstanding common shares.