06:38 AM EDT, 04/09/2025 (MT Newswires) -- NASDAQ-listed Riot Platforms ( RIOT ) overnight Tuesday said that it had delivered on April 7, 2025, a waiver and irrevocable proxy to Bitfarms ( BITF ) , in which it is a big shareholder.

As a result of such proxy, Riot added it currently exercises voting power over approximately 54,810,793, or approximately 9.9%, of the outstanding common shares.

Immediately prior to, and immediately after, the delivery of the waiver and irrevocable proxy, Riot beneficially owned 90,110,912 common shares of Bitfarms ( BITF ), representing approximately 16.3% of the issued and outstanding common shares.