Riot Platforms Downs Stakes in Bitfarms After Investment Review

Riot Platforms, a prominent U.S.-based Bitcoin mining company, recently offloaded 1.75 million shares of Bitfarms on June 9th. The sale generated approximately $1.58 million at an average price of $0.90 per share, resulting in a decrease of Riot’s ownership in Bitfarms to 14.3%. This transaction comes following an unsuccessful attempt by Riot Platforms to acquire Bitfarms previously. The company intends to continue reviewing its investment holdings in Bitfarms and might make adjustments based on market conditions and strategic developments going forward.