Riot Platforms Sells 1.75 Million Bitfarms Shares for $1.58 Million Reducing Stake to 14.30%

Riot Platforms, Inc. has announced the sale of 1,748,200 common shares of Bitfarms Ltd., resulting in a beneficial ownership of 79,501,479 Common Shares, which represents approximately 14.30% of the issued and outstanding shares of Bitfarms. This transaction, completed on June 9, 2025, involved the sale of shares for approximately $1.58 million. The move by Riot Platforms signifies a strategic adjustment in its investment portfolio, potentially aiming to optimize its holdings in the cryptocurrency mining sector. The reduction in ownership from a higher percentage to 14.30% indicates a deliberate decision to reallocate resources, which could be driven by various factors such as market conditions, investment strategies, or operational considerations. This development underscores the dynamic nature of the cryptocurrency industry, where companies continually reassess their positions to align with evolving market trends and business objectives.

Riot Platforms, Inc. has announced that it has sold 1.75 million shares of rival Bitfarms for approximately $1.58 million, as part of an ongoing review of its investment following a failed takeover attempt that had increased its beneficial ownership in Bitfarms. This strategic move by Riot Platforms reflects a shift in its investment strategy, as it seeks to optimize its portfolio in the competitive cryptocurrency mining sector. The sale of shares, completed on June 9, 2025, resulted in a beneficial ownership of 79,501,479 Common Shares, representing approximately 14.30% of the issued and outstanding shares of Bitfarms. This reduction in ownership indicates a deliberate decision to reallocate resources, which could be influenced by various factors such as market conditions, investment strategies, or operational considerations. The cryptocurrency industry is known for its dynamic nature, where companies continually reassess their positions to align with evolving market trends and business objectives.