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Riot Platforms Discloses 10.29% Stake in Bitfarms Following Share Sale
July 15, 2025 – Riot Platforms, a prominent Bitcoin mining company, has announced that it now holds a significant stake in Bitfarms Ltd., a Toronto-based Bitcoin mining enterprise. The disclosure comes after the firm sold a substantial portion of its shares in the company.
According to recent reports, Riot Platforms has reduced its stake in Bitfarms by selling 1,784,000 common shares. This transaction was carried out on July 14, 2025, and resulted in a significant decrease in its overall ownership. Prior to this sale, Riot Platforms owned 58,991,521 shares, equivalent to a 10.61% stake in Bitfarms. Following the sale of the shares, the company’s holdings decreased to 57,207,521 shares, representing a 10.29% beneficial ownership.
Riot Platforms has emphasized that this transaction is part of its ongoing efforts to reassess its investment portfolio. The firm stated that it may adjust its position in Bitfarms based on various factors such as the financial performance and strategic direction of Bitfarms, market conditions, and other potential investment opportunities. It is essential for investors to monitor these developments closely.
Riot Platforms has a reputation for being a leader in Bitcoin mining and digital infrastructure. The company operates significant mining facilities in Texas and Kentucky, while also maintaining engineering operations in Colorado and Texas. Its commitment to innovative strategies and community partnerships sets it apart from other industry players.
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Source: Blockchain.News
