Summary by Moomoo AI
Riot Platforms, Inc., a Nevada-based corporation, has filed an amendment to its Schedule 13D, reporting a 19.9% ownership stake in Bitfarms Ltd., a company incorporated under Canadian law. The amendment, dated September 3, 2024, is the twelfth such amendment to the original Schedule 13D filed on May 28, 2024. Riot Platforms disclosed an aggregate purchase price of approximately $202.18 million for the common shares, which were acquired using the company's working capital. The filing also includes a press release with an open letter to Bitfarms' shareholders. The total number of common shares outstanding for Bitfarms is reported to be 452,818,655, based on information from the company's transfer agent. Additionally, Riot Platforms reported purchasing 304,998 common shares on September 3, 2024, at a weighted average price of $2.09 per share. The filing was certified as true and correct by Colin Yee, Chief Financial Officer of Riot Platforms, on September 5, 2024.
