According to Foresight News, Riot Platforms, Inc. has announced the acquisition of 3,002,350 common shares of Bitfarms Ltd. on May 28, 2024. This acquisition represents approximately 0.75% of the issued and outstanding common shares of the company. The weighted average price per share was approximately $2.19, with the range of the purchase price per share being $2.14 to $2.23. The total amount for the acquisition was $6,572,744.62.
Prior to this acquisition, Riot owned 36,856,350 common shares, representing approximately 9.25% of the issued and outstanding common shares. Following the recent acquisition, as of the date of this news release, Riot now owns 39,858,700 common shares of Bitfarms Ltd., representing approximately 10.00% of the issued and outstanding common shares.