Bitcoin miner Riot Platforms raises stake in rival Bitfarms to 18.9%

By Yahoo! Finance | Aug 13, 2024 at 06:49 PM EST

Riot Platforms has increased its stake in Bitfarms to 18.9% by acquiring 1 million common shares. This move comes after a dispute where Riot made a takeover offer, which Bitfarms rejected. Riot is now seeking three seats on Bitfarms' board for potential engagement.

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