According to Cointelegraph, Riot Platforms, the third-largest Bitcoin miner on Wall Street, has significantly increased its stake in competitor Bitfarms Ltd. In a regulatory filing on August 13th, Riot disclosed that it will acquire an additional 1 million shares of Bitfarms common stock through public market purchases. The value of this transaction is approximately 2.28 million US dollars, and Riot's total holdings in Bitfarms have increased from 84.3 million shares to 85.3 million shares. Through this acquisition, Riot now owns 18.9% of Bitfarms, enhancing its influence over this Canadian mining company. Riot stated that it will continue to review its investment in Bitfarms and may consider taking further action, including adjusting its position or proposing other changes to the board composition. @seunminiok