🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
Riot Mining Company sells $1.58 million worth of Bitfarms shares, reducing its stake to 14.3%.
Bitcoin miner Riot Platforms reportedly announced the sale of 1.75 million Bitfarms shares worth about $1.58 million at an average selling price of about $0.90 per share, a move that reduced its stake in Bitfarms from nearly 15% to 14.3%. The sale is part of Riot's ongoing review of its investment following a previously unsuccessful acquisition of Bitfarms. In May, Riot made a hostile takeover offer to buy Bitfarms for $2.30 per share, but the offer was quickly rejected and abandoned the following month. Riot said it will continue to evaluate its position at Bitfarms based on a number of factors, including potential discussions with Bitfarms management, the company's strategic direction and market conditions, and may increase or decrease its holdings in the future.