Summary by Moomoo AI
Riot Platforms, Inc., a Nevada-based corporation, has filed an amendment to its Schedule 13D with the United States Securities and Exchange Commission on June 12, 2024, disclosing its ownership of 53,793,440 common shares of Bitfarms Ltd., which represents 13.1% of the company. This filing, identified as Amendment No. 4, follows previous amendments and the initial Schedule 13D filing, indicating a series of transactions by Riot Platforms. The shares were acquired using Riot Platforms' working capital, amounting to an aggregate purchase price of US$111,090,522. The filing also includes a press release issued by Riot Platforms commenting on a shareholder rights plan adopted by Bitfarms Ltd. on June 10, 2024. The press release is attached as an exhibit to the filing. The filing details the executive team of Riot Platforms, including positions and citizenship, with the business address listed as 3855 Ambrosia Street, Suite 301, Castle Rock, CO, USA 80109. The filing was certified by Colin Yee, Chief Financial Officer of Riot Platforms.