Riot Platforms Dips Holdings in Bitfarm Following Investment Review

Riot Platforms, a leading U.S.-based Bitcoin mining company, reduced its stake in Bitfarms by selling approximately 1.75 million shares on June 9th. This action generated $1.58 million at an average price of $0.90 per share and lowered Riot’s ownership to 14.3%. The sale is part of a broader investment review following a previous unsuccessful acquisition attempt by Riot Platforms. The company plans to continue evaluating its holdings in Bitfarms, with potential adjustments made according to market conditions and strategic developments.