Mining company Riot Platforms increases its stake in Bitfarms by 1 million shares

According to BlockBeats, on August 14, Bitcoin mining company Riot Platforms increased its ownership of 1 million shares of Bitfarms common stock, with a total purchase amount of US$2.2808 million.

Following this purchase, Riot Platforms’ stake in Bitfarms represents approximately 18.90% of Bitfarms’ issued and common shares.

BlockBeats previously reported that on June 24, Riot Platforms (RIOT) abandoned its proposal to acquire Bitfarms (BITF) and wanted to reshuffle the board of directors before further acquisitions. Riot Platforms nominated John Delaney, Amy Freedman and Ralph Goehring to replace the current Bitfarms board members.