Riot Platforms, Inc. discloses 12.3% ownership stake in Bitfarms Ltd.

Riot Platforms, Inc. recently reported its beneficial ownership of 12.3% in Bitfarms Ltd., a significant move in the digital infrastructure market. This press release follows Canadian National Instrument regulations and provides details on Riot’s recent stock sales and ownership changes.

On July 1, 2025, Riot sold 2,802,484 common shares of Bitfarms Ltd., amounting to about 0.50% of the company’s total common shares. These transactions occurred via normal course sales on the Nasdaq Stock Market and other open market trades, with the shares selling at an average price of approximately US$0.84 each. The total proceeds from these sales amounted to US$2,349,042.09.

Prior to these transactions, Riot held 71,110,860 common shares of Bitfarms Ltd., equating to around 12.79% of the outstanding common shares. Following the recent sales, Riot now holds 68,308,376 common shares, representing approximately 12.29% of the total outstanding common shares as of the latest report.

Riot plans to continuously evaluate its investment in Bitfarms Ltd., considering factors such as financial positions, strategic directions, market conditions, and available investment opportunities. Based on these assessments, Riot may increase or decrease its position in the company through various means, including purchasing or selling securities of Bitfarms Ltd. or engaging in other related transactions.

It’s important to note that the information provided in this press release should not be construed as an offer to buy or sell any securities of Bitfarms Ltd. Instead, it serves as a regulatory disclosure of Riot’s ownership changes and investment intentions. Riot will be filing an Early Warning Report as required by securities laws, available on the SEDAR+ website under Bitfarms Ltd.’s profile.

For further inquiries on this matter or to access a copy of the Early Warning Report, individuals can visit the SEDAR+ website or contact Phil McPherson, Vice President of Capital Markets & Investor Relations at Riot Platforms, Inc.

Riot Platforms, Inc. is a Nevada-based corporation with a vision to become a leading Bitcoin-driven infrastructure platform. The company focuses on positively impacting sectors, networks, and communities through innovative strategies and strong community partnerships. With Bitcoin mining operations in Texas and Kentucky, Riot is committed to achieving excellence in digital infrastructure and mining operations.

In conclusion, Riot Platforms, Inc.’s recent ownership changes in Bitfarms Ltd. reflect strategic moves in the digital infrastructure market and highlight the company’s commitment to growth and innovation in the Bitcoin-driven sector.