Bitcoin mining company Riot once again increased its stake in Bitfarms by 1 million shares, raising its stake to 18.68%
Bitcoin mining company Riot Platforms announced on Tuesday that it has once again increased its stake in competitor Bitfarms by 1 million shares, increasing its stake to nearly 18.9% and bringing its total holdings to approximately 85.3 million shares. Riot stated that it will continue to evaluate its investment in Bitfarms. The company's future actions will depend on various factors, including negotiations between the two companies, discussions about the shareholders' meeting, and changes to the Bitfarms board of directors. The company is seeking to obtain three board positions at Bitfarms and remains open to future transactions. (Cryptonews)
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