Riot Platforms sold over 11 million shares of Bitfarms on Monday, with a total value of approximately $15.1 million.

According to Golden Finance, Riot Platforms has significantly reduced its stake in rival Bitcoin mining company Bitfarms after accelerating the sale of stocks in recent weeks, culminating on Monday with the sale of 11 million shares. According to securities filing documents, Riot sold over 11.1 million shares of Bitfarms on August 18 at an average price of $1.36 per share, with a total value of approximately $15.1 million. This move has reduced its ownership stake to below 5%, no longer requiring public disclosure. As of 2025, Riot has sold approximately 71.5% of the 90 million shares of Bitfarms stock accumulated last year, amounting to about 64.4 million shares, at an average selling price of $1.11 per share, resulting in a total gain of $71.3 million. Riot's average cost when building positions in 2024 was $2.24 per share, which means that this withdrawal has resulted in significant losses relative to its initial investment. The sale on August 18th was Riot's largest single-day transaction in months, far exceeding its previous daily sales volume, which typically ranged from several hundred thousand to 4 million shares.