Riot Platforms Amends Filing for Bitfarms Stake
Ticker: RIOT · Form: SC 13D/A · Filed: 2024-06-05T00:00:00.000Z
Sentiment: neutral
Topics: amendment, shareholder-filing, crypto-mining
TL;DR
Riot Platforms updated its filing on Bitfarms - watch for changes in crypto mining landscape.
AI Summary
Riot Platforms, Inc. has filed an amendment (SC 13D/A) on June 5, 2024, regarding their holdings in Bitfarms Ltd. This filing indicates a change in their beneficial ownership, though specific new percentage or dollar amounts are not detailed in this excerpt. Riot Platforms, Inc. is a significant player in the cryptocurrency mining industry.
Why It Matters
This amendment signals a potential shift in control or strategy concerning Riot Platforms' investment in Bitfarms, which could impact both companies' stock performance and market dynamics in the crypto mining sector.
Risk Assessment
Risk Level: medium — Changes in significant shareholder filings can indicate potential activist involvement or strategic shifts, introducing uncertainty.
Key Players & Entities
- Riot Platforms, Inc. (company) — Filing party
- Bitfarms Ltd. (company) — Subject company
- 0001104659-24-068788 (filing_id) — SEC Accession Number
- 20240605 (date) — Filing date
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing by Riot Platforms, Inc. regarding Bitfarms Ltd.?
This excerpt does not provide specific details on the changes in beneficial ownership percentage or dollar amounts, only that an amendment was filed on June 5, 2024.
What is the CUSIP number for Bitfarms Ltd. common shares mentioned in the filing?
The CUSIP number for Bitfarms Ltd. common shares is 09173B107.
What is the business address of Riot Platforms, Inc. as listed in this filing?
The business address of Riot Platforms, Inc. is 3855 Ambrosia Street, Suite 301, Castle Rock, CO 80109.
What was Riot Platforms, Inc. formerly known as?
Riot Platforms, Inc. was formerly known as Riot Blockchain, Inc., Bioptix, Inc., and Venaxis, Inc.
On what date did Riot Blockchain, Inc. change its name to Riot Platforms, Inc.?
Riot Blockchain, Inc. changed its name to Riot Platforms, Inc. on October 4, 2017.
From the Filing
0001104659-24-068788.txt : 20240605 0001104659-24-068788.hdr.sgml : 20240605 20240605214225 ACCESSION NUMBER: 0001104659-24-068788 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240605 DATE AS OF CHANGE: 20240605 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: 241023715 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 tm2415618d11_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. 3)* 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) June 5 , 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 47,830,440 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 47,830,440 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 47,830,440 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: ¨ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.0% 14 TYPE OF REPORTING PERSON CO CUSIP No. 09173B107 Page 3 of 5 SCHEDULE 13D Item 1. Security