06:23 AM EDT, 06/10/2025 (MT Newswires) -- Riot Platforms, Inc. overnight Monday reported a beneficial ownership update in respect of Bitfarms Ltd. ( BITF ) , which was at last look up near 4% in US premarket trade.

Riot announced that on June 9, 2025 it sold 1,748,200 common shares of the company representing approximately 0.31% of the issued and outstanding common shares.

It said the shares were sold through normal course sales on the Nasdaq Stock Market and other open market trades for a weighted average price of approximately US$0.90 per sold share (equivalent to approximately C$1.23 per sold share at a price range per sold share of approximately US$0.88 to US$0.92 (equivalent to approximately C$1.21 to C$1.26) and equal to US$1,576,351.94 (equivalent to approximately C$2,157,079.99).

Immediately prior to the sales, Riot beneficially owned 81,249,679 common shares, representing approximately 14.61% of the issued and outstanding common shares. Following completion of the aforementioned sales, Riot beneficially owned 79,501,479 common shares, representing approximately 14.30% of the issued and outstanding common shares.