【Riot Platforms sold over 11.1 million shares of Bitfarms stock on Monday, with a total value of approximately $15.1 million】According to Golden Finance, after accelerating the sale of stocks in recent weeks, Riot Platforms has significantly reduced its stake in competitor Bitcoin mining company Bitfarms, reaching a peak on Monday when it sold 11 million shares. According to securities filing documents, Riot sold over 11.1 million shares of Bitfarms stock on August 18, at an average price of $1.36 per share, with a total value of approximately $15.1 million. This move reduced its shareholding to below 5%, and it no longer needs to disclose publicly. By 2025, Riot had cumulatively sold about 71.5% of the 90 million shares of Bitfarms stock it accumulated last year, totaling about 64.4 million shares, with an average selling price of $1.11 per share, generating $71.3 million in revenue. Riot's average cost when establishing its position in 2024 was $2.24 per share, which means this divestment has resulted in significant losses relative to its initial investment. The sale on August 18 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.

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