Category: Bitfarms
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Riot increases stake in Bitfarms with $2.2m share purchase
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Riot continues its acquisition efforts, recently purchasing $2.2 million worth of shares in Bitfarms. Riot Platforms announced the purchase of 1 million common shares from rival Bitfarms, raising its stake in the Canadian bitcoin mining company to around 18.90%. press releaseRiot said the shares were acquired at a weighted average…
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Riot increases stake in Bitfarms with $2.2m share purchase
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Riot continues its acquisition efforts, recently purchasing $2.2 million worth of shares in Bitfarms. Riot Platforms announced the purchase of 1 million common shares from rival Bitfarms, raising its stake in the Canadian bitcoin mining company to around 18.90%. press releaseRiot said the shares were acquired at a weighted average…
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Riot Platforms Boosts Bitfarms Stake with Additional Share Acquisition
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Riot Platforms announced the purchase of an additional 1,432,063 shares of Bitfarms stock. The acquisition, which was completed on June 10 for approximately $2.7 per share, represents an investment of approximately $3.87 million. This latest move brings Riot’s total holdings to approximately 57.62 million shares, representing approximately 14% of Bitfarms.…
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Bitfarms stock up 15% after anouncing large-scale mining site
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After rejecting Riot’s takeover bid, Bitfarms announced a project to significantly increase its energy capacity and Bitcoin mining capabilities by 2025. Bitfarms has entered into an agreement to build a 120-megawatt power plant and lease a site in Sharon, Pennsylvania. Following this agreement, Bitfarms (Betf) rose more than 15% today.…
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Riot Platforms Pursues Acquisition of Competitor Bitcoin Miner Bitfarms
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Riot Platforms Inc., a leading cryptocurrency mining company, has announced its intention to acquire Bitfarms Ltd., another important player in the Bitcoin mining industry. Riot has already taken a 9.25% stake in Bitfarms and plans to make a public takeover bid despite a recent rejection by the company’s board. Global…
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Riot Platforms Pursues Acquisition of Competitor Bitcoin Miner Bitfarms
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Riot Platforms Inc., a leading cryptocurrency mining company, has announced its intention to acquire Bitfarms Ltd., another important player in the Bitcoin mining industry. Riot has already taken a 9.25% stake in Bitfarms and plans to make a public takeover bid despite a recent rejection by the company’s board. Global…