Riot Platforms, Inc. Reports Beneficial Ownership of 10% in Bitfarms Ltd.
Riot announces that on May 28, 2024 it acquired ownership of 3,002,350 common shares (the “Purchased Shares”) of the Company representing approximately 0.75% of the issued and outstanding Common Shares (the “Common Shares”) of the Company.
- Riot announces that on May 28, 2024 it acquired ownership of 3,002,350 common shares (the “Purchased Shares”) of the Company representing approximately 0.75% of the issued and outstanding Common Shares (the “Common Shares”) of the Company.
- Immediately prior to the acquisition of Common Shares giving rise to the issuance of this press release, Riot beneficially owned 36,856,350 Common Shares, representing approximately 9.25% of the issued and outstanding Common Shares.
- Following completion of the aforementioned acquisition, Riot beneficially owned 39,858,700 Common Shares, representing approximately 10.00% of the issued and outstanding Common Shares as at the date hereof.
- On May 28, 2024, Riot issued a press release publicly announcing the Proposal and that Riot had acquired approximately 9.25% of the Common Shares.