Bitfarms stake acquisition
Company: Riot
The claim, verbatim
Riot beneficially owns 47,830,440 common shares of Bitfarms Ltd., representing 12.0% of the outstanding common shares class, acquired with an aggregate purchase price of US$97,142,767.
Source (primary)
Riot SC 13D/A filed 2024-06-05 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 47,830,440; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.0%; The aggregate purchase price of the Common Shares held by the Reporting Person reported herein was US$97,142,767.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
Riot's June 5, 2024 Schedule 13D/A reports beneficial ownership of 47,830,440 Bitfarms common shares, equal to 12.0% of the class. It also reports an aggregate purchase price of US$97,142,767, paid from working capital.
Confirmed in the source:
- Riot Platforms beneficially owns 47,830,440 common shares of Bitfarms Ltd.
- The stake represents 12.0% of the class of Bitfarms common shares.
- The aggregate purchase price of the common shares held by Riot was US$97,142,767.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465924068788/tm2415618d11_sc13da.htm) in full (5,063 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot SC 13D/A filed 2024-06-05
Quote: “AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 47,830,440; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.0%; The aggregate purchase price of the Common Shares held by the Reporting Person reported herein was US$97,142,767.”