Riot Platforms Discloses 10.29% Stake in Bitfarms Following Share Sale
Iris Coleman Jul 15, 2025 08:28
Riot Platforms reveals a 10.29% ownership in Bitfarms Ltd. after selling part of its shares, seeking strategic investment opportunities.
Riot Platforms, Inc., a prominent Bitcoin mining company, has announced a reduction in its stake in Bitfarms Ltd., a Bitcoin mining enterprise based in Toronto. According to Riot Platforms, the firm now holds a 10.29% beneficial ownership in Bitfarms after selling 1,784,000 common shares. This transaction, which took place on July 14, 2025, was part of a strategic move to reassess its investment portfolio.
Details of the Share Sale
The shares were sold on the Nasdaq Stock Market and through other open market trades at a weighted average price of approximately US$1.13 per share. This sale resulted in a total transaction value of around US$2,014,314.40. Prior to this sale, Riot Platforms owned 58,991,521 shares, representing a 10.61% stake in Bitfarms. Post-sale, Riot's holding decreased to 57,207,521 shares, equating to a 10.29% ownership.
Strategic Review and Future Plans
Riot Platforms plans to continuously evaluate its investment in Bitfarms, taking into account various factors such as the financial position and strategic direction of Bitfarms, market conditions, and other investment opportunities. The company stated it might adjust its position in Bitfarms based on these considerations, either by acquiring more shares or by selling existing holdings.
Riot Platforms emphasized that the press release is not intended as an offer to buy or sell any securities of Bitfarms. The company will submit an Early Warning Report in line with Canadian securities laws, which will be accessible via SEDAR+.
About Riot Platforms
Riot Platforms, listed on NASDAQ under the ticker RIOT, is a leader in Bitcoin mining and digital infrastructure. The company operates mining facilities in Texas and Kentucky and has engineering operations in Colorado and Texas. Riot is committed to enhancing the sectors and communities it engages with through innovative strategies and community partnerships.
For additional details, the full press release can be found on Riot Platforms' official website.
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