Riot Platforms Amends Filing for Bitfarms Stake
Ticker: RIOT · Form: SC 13D/A · Filed: 2024-05-29T00:00:00.000Z
Sentiment: neutral
Topics: ownership-change, amendment, cryptocurrency
TL;DR
Riot Platforms just updated its Bitfarms stake filing - watch this space.
AI Summary
Riot Platforms, Inc. has filed an amendment (SC 13D/A) on May 29, 2024, to its Schedule 13D regarding its holdings in Bitfarms Ltd. This filing indicates a change in the beneficial ownership of Bitfarms Ltd. by Riot Platforms, Inc. The specific details of the change in ownership percentage or the exact number of shares acquired or disposed of are not explicitly stated in this excerpt, but the amendment signifies an active update to Riot's stake.
Why It Matters
This amendment signals a potential shift in control or influence over Bitfarms Ltd., which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or market movements, introducing uncertainty.
Key Players & Entities
- Riot Platforms, Inc. (company) — Filing party and holder of securities
- Bitfarms Ltd. (company) — Issuer of securities
- 09173B107 (other) — CUSIP Number for Bitfarms Ltd. Common Shares
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
This excerpt does not provide the specific details of the changes in beneficial ownership, only that an amendment (Amendment No. 1) has been filed on May 29, 2024.
What is the CUSIP number for Bitfarms Ltd. common shares?
The CUSIP number for Bitfarms Ltd. common shares is 09173B107.
What is the filing date of this SC 13D/A amendment?
The filing date of this SC 13D/A amendment is May 29, 2024.
What is the former name of Riot Platforms, Inc. mentioned in the filing?
The filing mentions former names for Riot Platforms, Inc. including Riot Blockchain, Inc., Bioptix, Inc., and Venaxis, Inc.
Where is the principal executive office of Bitfarms Ltd. located?
The principal executive office of Bitfarms Ltd. is located at 110 Yonge Street, Suite 1601, Toronto, A6, M5C 1T4.
From the Filing
0001104659-24-066159.txt : 20240529 0001104659-24-066159.hdr.sgml : 20240529 20240529170740 ACCESSION NUMBER: 0001104659-24-066159 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240529 DATE AS OF CHANGE: 20240529 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Bitfarms Ltd CENTRAL INDEX KEY: 0001812477 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93561 FILM NUMBER: 24999512 BUSINESS ADDRESS: STREET 1: 110 YONGE STREET STREET 2: SUITE 1601 CITY: TORONTO STATE: A6 ZIP: M5C 1T4 BUSINESS PHONE: 647-259-1790 MAIL ADDRESS: STREET 1: 110 YONGE STREET STREET 2: SUITE 1601 CITY: TORONTO STATE: A6 ZIP: M5C 1T4 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Riot Platforms, Inc. CENTRAL INDEX KEY: 0001167419 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 841553387 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3855 AMBROSIA STREET, SUITE 301 CITY: CASTLE ROCK STATE: CO ZIP: 80109 BUSINESS PHONE: 303-794-2000 MAIL ADDRESS: STREET 1: 3855 AMBROSIA STREET, SUITE 301 CITY: CASTLE ROCK STATE: CO ZIP: 80109 FORMER COMPANY: FORMER CONFORMED NAME: Riot Blockchain, Inc. DATE OF NAME CHANGE: 20171004 FORMER COMPANY: FORMER CONFORMED NAME: Bioptix, Inc. DATE OF NAME CHANGE: 20161201 FORMER COMPANY: FORMER CONFORMED NAME: Venaxis, Inc. DATE OF NAME CHANGE: 20121218 SC 13D/A 1 tm2415618d8_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Bitfarms Ltd. (Name of Issuer) Common Shares (Title of Class of Securities) 09173B107 (CUSIP Number) Riot Platforms, Inc. 3855 Ambrosia Street, Suite 301 Castle Rock, CO 80109 Telephone: (303) 794-2000 Attention to: William Jackman Executive Vice President, General Counsel and Secretary (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 28, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨ * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 09173B107 Page 2 of 5 SCHEDULE 13D 1 NAME OF REPORTING PERSON Riot Platforms, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ 3 SEC USE ONLY 4 SOURCE OF FUNDS WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Nevada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 39,858,700 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 39,858,700 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 39,858,700 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: ¨ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.0% 14 TYPE OF REPORTING PERSON CO CUSIP No. 09173B107 Page 3 of 5 SCHEDULE 13D Item 1. Security