Riot Increases Stake in $BITF to 12%
$Riot Platforms(RIOT.US$ $Bitfarms(BITF.US$
Riot Platforms acquires 1,460,278 Bitfarms shares.
New ownership stake stands at 12%.
Shares bought for an average of US$2.45 each.
Total purchase cost: US$3,580,455.63.
Riot previously owned 11.63% of Bitfarms.
Riot intends to call a special shareholders meeting.
Plans to nominate independent directors to Bitfarms’ board.
Concerns over Bitfarms’ corporate governance.
Riot may adjust its investment based on various factors.
Riot Platforms acquires 1,460,278 Bitfarms shares.
New ownership stake stands at 12%.
Shares bought for an average of US$2.45 each.
Total purchase cost: US$3,580,455.63.
Riot previously owned 11.63% of Bitfarms.
Riot intends to call a special shareholders meeting.
Plans to nominate independent directors to Bitfarms’ board.
Concerns over Bitfarms’ corporate governance.
Riot may adjust its investment based on various factors.
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