Riot Platforms Amends Bitfarms Stake Filing

Ticker: RIOT · Form: SC 13D/A · Filed: 2024-08-21T00:00:00.000Z

Sentiment: neutral

Topics: ownership-filing, amendment, cryptocurrency

Related Tickers: BITF, RIOT

TL;DR

Riot Platforms just updated its Bitfarms filing - ownership changes afoot.

AI Summary

Riot Platforms, Inc. filed an amendment (No. 11) to its Schedule 13D on August 21, 2024, regarding its beneficial ownership of Bitfarms Ltd. common shares. The filing indicates a change in the reporting of Riot's holdings, but specific details on the exact number of shares or percentage of ownership are not immediately clear from this header information.

Why It Matters

This filing is significant as it signals ongoing activity or changes in ownership for Riot Platforms concerning its investment in Bitfarms, potentially impacting market perception and strategy for both companies.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in strategic stakes or potential activist involvement, requiring careful monitoring.

Key Players & Entities

FAQ

What is the specific change being reported in Amendment No. 11 to the Schedule 13D?

The provided header information indicates an amendment to the Schedule 13D filed by Riot Platforms, Inc. concerning Bitfarms Ltd., but does not detail the specific changes in beneficial ownership or holdings.

What is Riot Platforms, Inc.'s relationship to Bitfarms Ltd. as indicated by this filing?

Riot Platforms, Inc. is the entity filing the Schedule 13D/A, indicating it is a significant beneficial owner of Bitfarms Ltd. common shares.

When was this amendment filed with the SEC?

This amendment was filed on August 21, 2024.

What is the CUSIP number for Bitfarms Ltd. common shares?

The CUSIP number for Bitfarms Ltd. common shares is 09173B107.

What was Riot Platforms, Inc. formerly known as?

Riot Platforms, Inc. was formerly known as Riot Blockchain, Inc. (name change effective 20171004), Bioptix, Inc. (name change effective 20161201), and Venaxis, Inc. (name change effective 20121218).

From the Filing

0001104659-24-091467.txt : 20240821 0001104659-24-091467.hdr.sgml : 20240821 20240821085153 ACCESSION NUMBER: 0001104659-24-091467 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240821 DATE AS OF CHANGE: 20240821 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: 241227307 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 tm2422209d1_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. 11)* 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) August 20 , 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 th e 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 4 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 89,805,914 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 89,805,914 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 89,805,914 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: ¨ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.9% 14 TYPE OF REPORTING PERSON CO CUSIP No. 09173B107 Page 3 of 4 SCHEDULE 13D Item 1.

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