-
Bitcoin miner Riot Platforms raises stake in rival Bitfarms to 18.9%
Bitcoin miner Riot Platforms said on Tuesday it had increased its stake in rival Bitfarms to 18.9 per cent. Riot acquired 1 million common shares of Bitfarms on Tuesday, representing about 0.22 per cent of issued and outstanding Bitfarms common stock. The acquisition takes the total count of Bitfarms shares owned by Riot to about 85.3 million. Bitfarms said earlier in the day its co-founder and chair Nicolas Bonta, one of the three board members top shareholder Riot sought to replace, would leave the company immediately. The two companies have been locked in a dispute since April, when Riot made an unsolicited ... (full story)