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7 Articles
Strategic Move: Riot Platforms Sells $1.58M in Bitfarms Shares
In the ever-evolving world of cryptocurrency mining, strategic maneuvers by major players often signal shifts in focus or capital allocation. A recent announcement from Riot Platforms has caught the attention of the market: the company has offloaded a significant portion of its holdings in fellow Bitcoin Mining firm, Bitfarms. This move, involving the sale of 1.75 million Bitfarms shares valued at approximately $1.58 million, reduces Riot’s stak…
Key points of the News Riot Platforms sold 1.75 million Bitfarms shares, raising approximately $1.58 million, reducing its share to 14.3%. This sale was made after a failed acquisition attempt in 2024 and responds to a continuous strategic review. Despite the reduction, the market reacted positively, with a 4% increase in the value of Bitfarms shares. Riot Platforms, one of the main actors in Bitcoin mining in the United States, announced the sa…
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