Summary by Moomoo AI
Riot Platforms, Inc., a Nevada corporation, has filed an amendment to its Schedule 13D, reporting a 15.9% ownership stake in Bitfarms Ltd., a company incorporated under the Canada Business Corporations Act. The amendment, known as Amendment No. 7, was filed with the United States Securities and Exchange Commission and is dated July 30, 2024. This filing represents a continuation of a series of amendments detailing Riot Platforms' investment in Bitfarms' common shares. The total aggregate purchase price of the shares held by Riot Platforms is reported to be US$159,107,091, acquired using the company's working capital. The filing also includes detailed information on the transactions made by Riot Platforms in the 60-day period leading up to the filing, with purchases of Bitfarms' common shares at prices ranging from $2.48 to $2.84 per share. The total number of outstanding common shares of Bitfarms is reported to be 451,285,910, based on information from the company's transfer agent as of July 29, 2024. The filing was signed by Colin Yee, Chief Financial Officer of Riot Platforms, Inc.