Riot Platforms Boosts Bitfarms Stake Amid Ongoing Dispute

Riot Platforms Ups Investment in Bitfarms

In an intriguing development in the cryptocurrency mining sector, Riot Platforms, a major Bitcoin mining company, has increased its ownership stake in its competitor, Bitfarms, to 18.9%. This strategic move involved the acquisition of an additional 1 million common shares of Bitfarms, accounting for approximately 0.22% of the total issued and outstanding Bitfarms common stock. With this purchase, Riot now holds approximately 85.3 million shares of Bitfarms.