Riot acquired Bitfarms shares for approximately $90 million
Company: Riot
The claim, verbatim
Riot Platforms invested US$89,972,452 to acquire Common Shares of Bitfarms Ltd.
Source (primary)
Riot SC 13D/A filed 2024-06-04 (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$89,972,452.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
Item 3 of the filing states that the aggregate purchase price of the Bitfarms Common Shares held by Riot was US$89,972,452, paid from working capital.
Confirmed in the source:
- Riot Platforms paid an aggregate purchase price of US$89,972,452 for the Bitfarms Ltd. Common Shares it held as of this filing
- The shares acquired are Common Shares of Bitfarms Ltd.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465924068052/tm2415618d10_sc13da.htm) in full (4,250 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot SC 13D/A filed 2024-06-04
Quote: “The aggregate purchase price of the Common Shares held by the Reporting Person reported herein was US$89,972,452.”