Acquisition of Bitfarms common shares stake
Company: Riot
The claim, verbatim
Riot Platforms acquired 61,331,631 common shares of Bitfarms Ltd. representing 14.9% of the company for an aggregate purchase price of US$132,162,323 using working capital
Source (primary)
Riot SC 13D/A filed 2024-06-24 (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$132,162,323. 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 18, 2026. The cited source supports every part of this claim.
The filing reports Riot's 61,331,631-share, 14.9% holding in Bitfarms, an aggregate purchase price of US$132,162,323, and that the shares were bought with working capital.
Confirmed in the source:
- Riot Platforms beneficially owns 61,331,631 common shares of Bitfarms Ltd.
- The stake represents 14.9% of Bitfarms' common shares
- The aggregate purchase price of the shares was US$132,162,323
- The shares were purchased using Riot's working capital
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465924074176/tm2415618d21_sc13da.htm) in full (6,662 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot SC 13D/A filed 2024-06-24
Quote: “The aggregate purchase price of the Common Shares held by the Reporting Person reported herein was US$132,162,323. The Common Shares beneficially owned by the Reporting Person were purchased using funds out of its working capital.”