Riot Platforms Amends Stake in Bitfarms

Ticker: BITF · Form: SC 13D/A · Filed: 2024-09-23T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, sec-filing, amendment

Related Tickers: BFARF

TL;DR

Riot Platforms updated its filing on Bitfarms, watch this space.

AI Summary

Riot Platforms, Inc. has amended its Schedule 13D filing concerning Bitfarms Ltd. as of September 23, 2024. This amendment indicates a change in the beneficial ownership of Bitfarms' common shares by Riot Platforms. The filing does not specify a dollar amount or a precise percentage change in ownership but signifies an ongoing relationship or stake.

Why It Matters

This filing signals a potential shift or confirmation of Riot Platforms' interest in Bitfarms, which could influence market perception and future strategic moves for both companies in the cryptocurrency mining sector.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic shifts or potential corporate actions, requiring close monitoring by investors.

Key Players & Entities

FAQ

What specific change in beneficial ownership is reported by Riot Platforms, Inc. regarding Bitfarms Ltd. in this amendment?

The filing is an amendment (Amendment No. 13) to Schedule 13D, indicating a change in the reported beneficial ownership as of September 23, 2024, but the exact nature and extent of the change are detailed within the full document, not summarized in the header.

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.'s former company name?

Riot Platforms, Inc. was formerly known as Riot Blockchain, Inc. (name change effective October 4, 2017), and prior to that, Bioptix, Inc. (name change effective December 1, 2016), and Venaxis, Inc. (name change effective December 18, 2012).

Where is Bitfarms Ltd. incorporated and what is its fiscal year end?

Bitfarms Ltd. is incorporated in A6 (likely a state code not fully specified in the header) and its fiscal year ends on December 31.

What is the business address of Riot Platforms, Inc. as listed in the filing?

The business address for Riot Platforms, Inc. is 3855 Ambrosia Street, Suite 301, Castle Rock, CO 80109.

From the Filing

0001104659-24-101875.txt : 20240923 0001104659-24-101875.hdr.sgml : 20240923 20240923071136 ACCESSION NUMBER: 0001104659-24-101875 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20240923 DATE AS OF CHANGE: 20240923 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: 241314624 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 tm2424523d1_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. 13)* 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) September 23, 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 6 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 90,110,912 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 90,110,912 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 90,110,912 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 R

View on Read The Filing