Riot Platforms Doubles Down on Bitfarms (BITF) Stock With 14% Stake

Meanwhile, speculators pushed BITF stock price to $3.03 per share overnight, the market capitalization rising to$1.25 billion. RIOT stock was due to open at $11.05, a market cap of$3.2 billion. Shares of both Bitcoin miners have been hammered so far in 2024. Riot is down by almost 29%. Bitfarms' price had been nearly cut in half before Riot began its takeover effort. It is now down just 1% on the year. However, Bitfarms also adopted what's called a "poison pill" that would have it issue new shares once Ri ...