Riot finances Bitfarms acquisition from working capital
Company: Riot
The claim, verbatim
Riot spent US$202,180,487 in aggregate to purchase Bitfarms common shares, funded from working capital
Source (primary)
Riot SC 13D/A filed 2024-09-05 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The aggregate purchase price of the Common Shares held by the Reporting Person reported herein was US$202,180,487. The Common Shares beneficially owned by the Reporting Person were purchased using funds out of its working capital.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
Item 3 of the filing states that Riot paid an aggregate purchase price of US$202,180,487 for the Bitfarms shares it holds. It also states that the purchases were funded from Riot's working capital.
Confirmed in the source:
- The aggregate purchase price of the Bitfarms common shares held by Riot was US$202,180,487
- The shares were purchased using funds from Riot's working capital
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465924097450/tm2423341d1_sc13da.htm) in full (5,863 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot SC 13D/A filed 2024-09-05
Quote: “The aggregate purchase price of the Common Shares held by the Reporting Person reported herein was US$202,180,487. The Common Shares beneficially owned by the Reporting Person were purchased using funds out of its working capital.”