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Bitcoin mining company Riot sells 6.5 million shares of Bitfarms, reducing ownership to 13.4%
Summary: According to reports, Bitcoin mining company Riot Platforms has continued to sell its shares in competitor Bitfarms since June 7, selling an additional 6.5 million shares for a total revenue of $5.67 million. As disclosed by the U.S. Securities and Exchange Commission (SEC), the latest batch of shares had an average selling price of $0.85 ...
According to reports, Bitcoin mining company Riot Platforms has continued to sell its shares in competitor Bitfarms since June 7, selling an additional 6.5 million shares for a total revenue of $5.67 million. As disclosed by the U.S. Securities and Exchange Commission (SEC), the latest batch of shares had an average selling price of $0.85 per share. This sale follows a previous round of liquidation between May 27 and June 6, during which Riot sold 8.85 million shares at an average price of $0.97 per share. Since the end of May, the company has sold a total of 15.36 million shares of Bitfarms, generating approximately $14.2 million in revenue. Despite the continuous reduction in holdings, Riot remains one of the largest shareholders of Bitfarms. As of June 20, it still holds 13.4% of the company's outstanding shares, down from over 14% before the latest sale.
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Link: Bitcoin mining company Riot sells 6.5 million shares of Bitfarms, reducing ownership to 13.4% [Copy]
