Beneficial ownership threshold
Company: Riot
The claim, verbatim
The settlement agreement is not enforceable if Riot ceases to beneficially own at least 7.5% of Bitfarms' issued and outstanding Common Shares during the agreement term.
Source (primary)
Riot 8-K filed 2024-09-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “provided that the Agreement shall not be enforceable if at any time during the Term Riot ceases to beneficially own at least 7.5% of the issued and outstanding Common Shares”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states this ownership threshold condition directly.
Confirmed in the source:
- The agreement is not enforceable if at any time during the Term Riot ceases to beneficially own at least 7.5% of Bitfarms' issued and outstanding Common Shares
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465924101880/tm2424523d2_8k.htm) in full (12,471 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2024-09-23
Quote: “provided that the Agreement shall not be enforceable if at any time during the Term Riot ceases to beneficially own at least 7.5% of the issued and outstanding Common Shares”