Summary by Moomoo AI
Riot Platforms, Inc., a Nevada-based corporation, has filed an amendment to its Schedule 13D, reporting an increase in its beneficial ownership of Bitfarms Ltd. common shares to 16.9%. The amendment, dated August 2, 2024, is the eighth such amendment to the original Schedule 13D filed on May 28, 2024. Riot Platforms disclosed that the aggregate purchase price for the shares was approximately $171.16 million, funded from its working capital. The company also issued a press release on the same date, detailing the transaction. In the 60 days preceding the filing, Riot Platforms made significant purchases of Bitfarms shares, with the most recent transactions occurring from July 31 to August 2, 2024. The filing was signed by Colin Yee, Chief Financial Officer of Riot Platforms, on August 5, 2024.
