Riot acquired significant stake in Bitfarms Ltd
Company: Riot
The claim, verbatim
Riot Platforms, Inc. acquired 89,805,914 common shares (19.9% of outstanding shares) of Bitfarms Ltd. for an aggregate purchase price of US$201,543,224 using working capital.
Source (primary)
Riot SC 13D/A filed 2024-08-21 (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$201,543,224.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
This August 2024 Schedule 13D amendment reports Riot holding 89,805,914 Bitfarms common shares (19.9% of the class), bought for an aggregate US$201,543,224 out of working capital. The shares were acquired over several purchases rather than in a single transaction.
Confirmed in the source:
- Riot Platforms, Inc. beneficially owns 89,805,914 common shares of Bitfarms Ltd.
- The holding represents 19.9% of Bitfarms' common shares
- The aggregate purchase price of the shares held was US$201,543,224
- 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/1167419/000110465924091467/tm2422209d1_sc13da.htm) in full (4,724 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot SC 13D/A filed 2024-08-21
Quote: “The aggregate purchase price of the Common Shares held by the Reporting Person reported herein was US$201,543,224.”