Bitfarms shares surge 16% as Riot Platforms reveals 14% stake

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Riot Platforms, Inc. Reports Beneficial Ownership of 14% in Bitfarms Ltd.

June 13, 2024 6:35 PM EDT

CASTLE ROCK, Colo.--(BUSINESS WIRE)-- Riot Platforms, Inc. (Riot) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the Company).

Riot announces that on June 13, 2024 it acquired ownership of 1,432,063 common shares (the Purchased Shares) of the Company representing approximately 0.35% of the issued and outstanding Common Shares (the Common Shares) of the Company (as calculated based on the information most recently provided... More