Summary by Moomoo AI
Riot Platforms, Inc., a Nevada corporation, has filed an amendment to its Schedule 13D, reporting an increased beneficial ownership in Bitfarms Ltd. to 16.9%. The amendment, dated August 2, 2024, is the eighth such amendment and follows a series of filings detailing the acquisition of Bitfarms' common shares. Riot Platforms disclosed that the aggregate purchase price for the shares was $171,161,076, funded from its working capital. The filing also included a press release issued by Riot Platforms on the same date, announcing the increase in ownership. Additionally, the filing provided details of the common shares purchased by Riot Platforms in the 60 days prior to the filing, with transactions on July 31, August 1, and August 2, 2024, at varying prices. The press release referenced in the filing is attached as Exhibit 1. Colin Yee, Chief Financial Officer of Riot Platforms, signed the document on August 5, 2024.
