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Riot Platforms Discloses 10.29% Stake in Bitfarms Following Share Sale
July 15, 2025 – 08:28 Iris Coleman
In a recent announcement, Riot Platforms Inc., a prominent Bitcoin mining company, has revealed that it now holds a 10.29% beneficial ownership stake in Bitfarms Ltd., a Toronto-based Bitcoin mining enterprise. This disclosure comes after the firm sold a significant portion of its shares in the company.
Riot Platforms initially owned approximately 58,991,521 shares, which represented a 10.61% stake in Bitfarms. Following the sale of 1,784,000 common shares, the company’s holding decreased to 57,207,521 shares, equivalent to a 10.29% ownership.
The share sale was conducted on the Nasdaq Stock Market and through other open market trades at a weighted average price of around US$1.13 per share. The transaction generated approximately US$2,014,314.40 in revenue.
The strategic move behind this decision is reportedly aimed at reassessing Riot Platforms’ investment portfolio, considering various factors such as Bitfarms’ financial standing and strategic direction, market conditions, and alternative investment opportunities. This could potentially lead to adjustments in its stake in the company.
Riot Platforms emphasized that the press release does not represent an offer to buy or sell any securities of Bitfarms. Furthermore, the company will submit an Early Warning Report as required by Canadian securities laws, which can be accessed through SEDAR+.
Source: Blockchain.News
