Riot Platforms further trims Bitfarms stake

Riot Platforms has decreased its investment in Bitfarms by selling 1,784,000 common shares, representing about 0.32% of Bitfarms' total issued shares.

After the sale, Riot Platforms retains 57.2 million shares of Bitfarms, which constitutes approximately 10.29% of the outstanding shares.

This decision is part of Riot's ongoing assessment of its position in the cryptocurrency mining industry.

Investment Recommendation: Moderate

Riot Platforms (NASDAQ:RIOT) has reduced its holdings in Bitfarms (NASDAQ:BITF) as part of an ongoing evaluation of its investment in the cryptocurrency mining sector. The company sold 1,784,000 common shares of Bitfarms, which accounts for approximately 0.32% of all issued shares. Following this transaction, Riot now owns 57.2 million shares, reflecting around 10.29% of the total outstanding shares of Bitfarms.