Platforms

Riot Platforms Boosts Bitfarms Stake with Additional Share Acquisition

Riot Platforms Boosts Bitfarms Stake with Additional Share Acquisition

Riot Platforms has announced the purchase of an additional 1,432,063 shares of Bitfarms. The acquisition, completed on June 10 at approximately $2.7 per share, represents an investment of around $3.87 million. This latest move brings Riot’s total holdings to approximately 57.62 million shares, accounting for about 14% of Bitfarms. Riot’s Ongoing Takeover This announcement is […]

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Riot Platforms Pursues Acquisition of Competitor Bitcoin Miner Bitfarms

Riot Platforms Pursues Acquisition of Competitor Bitcoin Miner Bitfarms

Riot Platforms Inc., a leading crypto mining company, has announced its intention to acquire Bitfarms Ltd., another significant player in the Bitcoin mining industry. Riot has already acquired a 9.25% stake in Bitfarms and plans to make a public takeover offer despite the company’s board’s recent rejection. Global Bitcoin Mining Giant Riot has proposed an

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Riot Platforms Buys 9.25% Stake in Bitfarms After Rejected Takeover Offer

Riot Platforms Buys 9.25% Stake in Bitfarms After Rejected Takeover Offer

Last updated: May 29, 2024 02:06 EDT | 1 min read Riot Platforms has acquired a 9.25% stake in Bitfarms after its takeover offer was rejected. According to a press release Riot Platforms published on May 28, the Bitcoin mining firm’s $950 million offer to acquire all outstanding shares of Bitfarms was turned down by

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Riot Platforms Made Over $280 Million Last Year, New Annual Report Reveals

Riot Platforms Made Over $280 Million Last Year, New Annual Report Reveals

Last updated: February 23, 2024 15:27 EST | 2 min read Image by Luisa, Adobe StockBitcoin mining operation Riot Platforms made over $280 million last year alone, the company’s 2023 annual report released Thursday, February 22, reveals. Riot Platforms’ Record Performance “I am pleased to announce results for Riot for 2023, which proved to be

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Riot Platforms Buy $291 Million In Mining Rigs, Locks In Price For Even More

Riot Platforms Buy $291 Million In Mining Rigs, Locks In Price For Even More

Riot Platforms is one of the leading cryptocurrency mining companies with a steady stream of income. A Well-Grounded Company The company’s strength lies in the sheer scale of operations, which allows it to drive down the cost of mining Bitcoin by virtue of its immense processing power. Although it faced a significant downturn during crypto

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