Riot acquires 14% stake in Bitfarms Ltd.
Company: Riot
The claim, verbatim
Riot Platforms, Inc. increased its beneficial ownership of Bitfarms Ltd. common shares to 14.0%, acquiring 57,627,036 shares for an aggregate purchase price of US$120,779,490
Source (primary)
Riot SC 13D/A filed 2024-06-13 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Reporting Person had increased its beneficial ownership of the Common Shares to 14.0%”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing reports Riot's stake at 14.0%, 57,627,036 shares, and an aggregate purchase price of US$120,779,490. These figures cover Riot's total holding; the June 12–13, 2024 purchases that lifted it to 14.0% were only about 3.8 million shares.
Confirmed in the source:
- Riot Platforms, Inc. increased its beneficial ownership of Bitfarms Ltd. common shares to 14.0%
- Riot beneficially owned 57,627,036 Bitfarms common shares
- The aggregate purchase price of the Bitfarms common shares held by Riot was US$120,779,490
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465924071407/tm2415618d17_sc13da.htm) in full (5,141 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot SC 13D/A filed 2024-06-13
Quote: “the Reporting Person had increased its beneficial ownership of the Common Shares to 14.0%”