Riot Platforms Reduces Bitfarms Stake to 9.85%

Riot Platforms, Inc. has announced a reduction in its beneficial ownership of Bitfarms Ltd. to 9.85% as of July 16, 2025. This adjustment follows the sale of approximately 2.4 million shares on the open market, which accounted for about 0.44% of Bitfarms’ total outstanding shares. Prior to this transaction, Riot Platforms held a 10.29% stake in Bitfarms. The sale has resulted in Riot Platforms now beneficially owning 54,745,063 Common Shares of Bitfarms.

This strategic move by Riot Platforms could be interpreted as an effort to diversify its investment portfolio or to reallocate capital to other promising opportunities within the cryptocurrency and blockchain sectors. The decision to sell shares on the open market suggests that Riot Platforms is looking to liquidate some of its holdings in Bitfarms, which could be driven by various factors such as market conditions, internal restructuring, or a shift in investment priorities.

The reduction in stake from 10.29% to 9.85% is a notable decrease, as it diminishes Riot Platforms' influence over Bitfarms' decision-making processes. This change in ownership percentage could have implications for Bitfarms' corporate governance and strategic direction, potentially leading to a shift in the balance of power among shareholders. However, Riot Platforms still holds a substantial stake in Bitfarms, indicating that it remains a significant investor in the company.

The sale of shares by Riot Platforms could also impact the market dynamics of Bitfarms' stock. The reduction in ownership percentage may lead to increased volatility in Bitfarms' share price, as investors react to the news of Riot Platforms' reduced stake. However, the impact of this transaction on Bitfarms' stock price will depend on various factors, including market conditions, investor sentiment, and the overall performance of the cryptocurrency and blockchain sectors.

In summary, Riot Platforms' decision to reduce its stake in Bitfarms to 9.85% is a significant development in the cryptocurrency and blockchain sectors. This move underscores the dynamic nature of the industry, as companies continually adjust their investment strategies in response to changing market conditions and opportunities. The reduction in stake by Riot Platforms may have implications for Bitfarms' corporate governance, strategic direction, and market dynamics, and it will be interesting to observe how this development unfolds in the coming months.