Acquiring Company
Riot Platforms
Acquired Company
Bitfarms
Castle Rock
TorontoOtherInformation TechnologyInformation TechnologyEnergyAnalyticsRenewables & EnvironmentDescription
Riot Platforms has announced the purchase of 1 million common shares of its rival Bitfarms, raising its stake in the Canadian Bitcoin mining firm to approximately 18.90%. The acquisition comes as Riot continues its push to take over Bitfarms, following a $950 million offer earlier this year. Bitfarms seeks new ways to counteract takeover bids amid the ongoing developments.
Quick answer
Riot Platforms is acquiring Bitfarms for $2.2 million, announced August 14, 2024. Riot Platforms is based in Castle Rock, Colorado, United States.
- How much did Riot Platforms pay for Bitfarms?
- The reported deal value is $2.2 million.
- Where are Riot Platforms and Bitfarms based?
- Riot Platforms is based in Castle Rock, Colorado, United States. Bitfarms is based in Toronto, Ontario, Canada.
- Who are the decision-makers at Riot Platforms?
- Fundz holds 3 contacts at Riot Platforms. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Energy and Analytics
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Riot Platforms' disputed acquisition proposal met with resistance from Bitfarms (September 4, 2024)
- Enverus completes acquisition of BidOut to enhance Business Automation solutions (August 6, 2024)
- KKR completes acquisition of majority equity interest in Avantus and secures $522 Million Development Facility, $522M (July 30, 2024)
- Riot Platforms withdraws acquisition proposal for Bitfarms amid appointment of new CEO (July 8, 2024)
- Devon Energy completes acquisition of Grayson Mill Energy to expand its Williston Basin business (September 27, 2024)
- Altima completes acquisition of Assets in Alberta, Canada from Uriel Gas Holdings Corp. (September 25, 2024)
Who to call at Riot Platforms, and when
When Riot Platforms changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Riot Platforms raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Riot Platforms, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Bitfarms?
Bitfarms was acquired by Riot Platforms, based in Castle Rock. The deal was reported on August 14, 2024. Riot Platforms is publicly traded (RIOT) and operates in Other.
When did Riot Platforms acquire Bitfarms?
Riot Platforms's acquisition of Bitfarms was reported on August 14, 2024. Riot Platforms has announced the purchase of 1 million common shares of its rival Bitfarms, raising its stake in the Canadian Bitcoin mining firm to approximately 18.90%. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bitfarms do?
Bitfarms is the company acquired in this transaction. It is privately held, operating in Information Technology, and is based in Toronto.
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