According to a July 31 filing with the Securities Exchange Commission (SEC), bitcoin miner Riot Platforms stepped up its acquisition strategy against rival Bitfarms this month by purchasing about 10 million additional shares. Riot currently holds 71.56 million of Bitfarms' total outstanding shares, valued at $159.10 million, or a 15.9% stake in the Canadian miner, according to the SC 13D/A filing.
The acquisition came shortly after an Ontario capital markets tribunal ruled that Bitfarms' original shareholder rights plan, which stipulated dilution of outstanding shares if any one entity acquired more than 15 per cent of the company, was invalid. Before that ruling, Riot held a 14.9 per cent stake in Bitfarms.
Riot increases its stake in Bitfarms and currently holds nearly 16% of the shares
2024-07-31 14:21:38
According to 31 Japan United States Securities and Exchange Commission ( secdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Riot增持Bitfarms股份，目前持有近16%的股份Next article：
THORChain宣布RUNEPool上线
