RIOT PLATFORMS, INC. REPORTS BENEFICIAL OWNERSHIP OF 9.85% IN BITFARMS LTD.
Riot announces that on July 16, 2025 it sold 2,462,458 common shares (the " Sold Shares") of the Company representing approximately 0.44% of the issued and outstanding Common Shares (the " Common Shares") of the Company (based on the information contained in the Company's management information circular filed on June 9, 2025 (the " Company's Circular").
The Sold Shares were sold through normal course sales on the Nasdaq Stock Market and other open market trades for a weighted average price of approximately US$1.05 per Sold Share (equivalent to approximately C$1.44 per Sold Share based on the daily exchange rate posted by the Bank of Canada on July 16, 2025 (the " Exchange Rate")) at a price range per Sold Share of approximately US$1.04 to US$1.07 (equivalent to approximately C$1.43 to C$1.46 based on the Exchange Rate) for an aggregate amount equal to US$2,593,460.77 (equivalent to approximately C$3,556,153.40 based on the Exchange Rate).
Immediately prior to the sales of Common Shares giving rise to the issuance of this press release, Riot beneficially owned 57,207,521 Common Shares, representing approximately 10.29% of the issued and outstanding Common Shares (based on the information contained in the Company's Circular). Following completion of the aforementioned sales, Riot beneficially owned 54,745,063 Common Shares, representing approximately 9.85% of the issued and outstanding Common Shares as at the date hereof (based on the information contained in the Company's Circular).
Riot intends to review its investment in the Company on a continuing basis and depending upon various factors, including without limitation, any discussion between Riot, the Company and/or the Company's Board of Directors and its advisors regarding, among other things, the Company's financial position and strategic direction, overall market conditions, other investment opportunities available to Riot, and the availability of securities of the Company at prices that would make the purchase or sale of such securities desirable, Riot may (i) increase or decrease its position in the Company through, among other things, the purchase or sale of securities of the Company, including through transactions involving the Common Shares and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Company in the open market or otherwise, (ii) enter into transactions that increase or hedge its economic exposure to the Common Shares without affecting its beneficial ownership of the Common Shares or (iii) consider or propose one or more of the actions described in subparagraphs (a) - (k) of Item 5 of Riot's early warning report filed in accordance with applicable Canadian securities laws.
This press release is not meant to be, nor should it be construed as, an offer (or an intention to make an offer) to buy or the solicitation of an offer to sell any of the Company's securities.
Riot will file the Early Warning Report in accordance with applicable securities laws, which will be available under the Company's profile at www.sedarplus.ca. The head office of the Company is 110 Yonge Street, Suite 1601 Toronto, Ontario M5C 1T4. The address of Riot is 3855 Ambrosia Street, Suite 301, Castle Rock, CO 80109.
FOR MORE INFORMATION
For further information and to obtain a copy of the Early Warning Report, please see the Company's profile on the SEDAR+ website (www.sedarplus.ca) or contact Phil McPherson, Vice President, Capital Markets & Investor Relations, at (303) 794-2000 ext. 110.
About Riot Platforms, Inc.
Riot's (NASDAQ: RIOT) vision is to be the world's leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.
Riot, a Nevada corporation, is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. Riot has Bitcoin mining operations in central Texas and Kentucky, and electrical engineering and fabrication operations in Denver, Colorado, and Houston, Texas.
For more information, visit www.riotplatforms.com.
Cautionary Note Regarding Forward Looking Statements
Statements contained herein that are not historical facts constitute "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable U.S. and Canadian securities laws that reflect management's current expectations, assumptions, and estimates of future events, performance and economic conditions. Such forward-looking statements rely on the safe harbor provisions of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934 and the safe harbor provisions of applicable Canadian securities laws. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words and phrases such as "anticipate," "believe," "create," "drive," "expect," "forecast," "future," "growth," "intend," "hope," "opportunity," "plan," "potential," "proposal," "synergies," "unlock," "upside," "will," "would," and similar words and phrases are intended to identify forward-looking statements. Such forward-looking statements are not guarantees of future performance or actual results, and readers should not place undue reliance on any forward-looking statement as actual results may differ materially and adversely from forward-looking statements. Detailed information regarding the factors identified by the management of Riot, which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release, may be found in Riot's filings with the U.S. Securities and Exchange Commission (the " SEC"), including the risks, uncertainties and other factors discussed under the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" of Riot's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 28, 2025, and the other filings Riot has made or will make with the SEC after such date, copies of which may be obtained from the SEC's website at www.sec.gov. All forward-looking statements contained herein are made only as of the date hereof, and Riot disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which Riot hereafter becomes aware, except as required by applicable law.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
5 minutes ago
- Cision Canada
Discounted Explorers Poised For Catch‑Up Rally In Bullish Gold Market
VANCOUVER, BC, July 17, 2025 /CNW/ -- USA News Group News Commentary – After a brief rise, gold's price leveled off as the market responded to US President Donald Trump shooting down talks about the possibility of firing Federal Reserve Chairman Jerome Powell. As the precious metal stays comfortably over the US$3,300 per ounce price point, several analysts are believing in an upcoming US$4,00 price target. With the current gold bull market comfortably underway, analysts are pointing to how mining stocks outshine the physical commodities themselves, while juniors in particular regain momentum. Among the mining companies advancing projects with optimal timing, include RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), AngloGold Ashanti plc (NYSE: AU), August Gold Corp. (TSX: G) (OTCQB: AUGG), Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF), and Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF). As cash pours into bullion and flagship gold ETFs such as GDX, analysts contend that junior miners could be the next group to rally. Even with gold holding firm, shares of these smaller producers and explorers remain deeply discounted, suggesting ample room for a catch‑up move. VanEck and other fund managers call this valuation gap one of the strongest risk‑reward setups left in the sector. RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) is developing a portfolio of high‑grade, district‑scale gold and antimony projects in New Zealand, a rising exploration hub that combines historic production, critical‑mineral status, and modern infrastructure. Now following a recent C$13.8M financing, the Company is in a strong treasury position to execute on its growth plans. Altogether RUA GOLD controls about 95% of the historic Reefton Goldfield on New Zealands South Island, where more than 2 million oz of gold were produced at grades from 9 to 50 g/t. The hub‑and‑spoke strategy that the RUA team are executing on focuses on consolidating and growing shallow, high‑grade resources within trucking distance of a central plant. With mineralization confirmed at multiple levels, the multi‑asset approach is gaining momentum as additional drill data arrive. Recent step‑out drilling at the Auld Creek project pushed high‑grade mineralization 120 m below the current inferred resource. Hole ACDDH033 intersected 2.1 m averaging 64 g/t AuEq, made up of 5.5 g/t gold and 13.1 % antimony, and extended the system's vertical reach to more than 280 m. Several targets are still untested, including a 2.5 km gold‑in‑soil corridor northwest of the Bonanza and Fraternal shoots. "This is an exciting development to see high-grade gold-antimony mineralization at Auld Creek that is 120 m deeper than the current resource," said Robert Eckford, CEO of RUA GOLD. "Proving out continuity at depth and growing this resource will be a key focus of drilling in the next quarter, while simultaneously drilling the Cumberland-Gallant deposit 3 km to the south." Antimony prices climbed above US$50,000 per tonne in 2025 after China imposed export controls, and New Zealand has listed the metal as critical, sharpening interest in Auld Creek's dual‑commodity appeal. Surface samples exceed 40% Sb, and several drill holes contain more than 8% antimony—grades rarely seen this early in a project's life. Three kilometres south within the Reefton Goldfield, RUA has a second drill rig at Cumberland. Recent drilling delivered near‑surface hits such as 1 m at 26.9 g/t and 1 m at 16.2 g/t, adding to earlier intercepts of 1 m at 1 911 g/t. The holes confirm continuity along the Gallant vein system and represent the company's first AI‑guided target generated with VRIFY's predictive platform. Gallant's vein traces more than 600m at surface yet remains largely open along strike and at depth. Management believes the latest results validate its AI‑driven exploration workflow and point to a broader mineralized envelope. By pairing modern data science with historic vein mapping, RUA is generating new targets along a 2 km structural corridor anchored by Cumberland. On the North Island, RUA holds the Glamorgan project, a 4 km gold‑arsenic anomaly in the Hauraki Goldfield that also hosts the 10 Moz Martha mine. Rock‑chip samples reach 43 g/t gold, and CSAMT surveys have outlined resistive zones typical of quartz veins. Drill access is in the final approval stage, and targets have been refined with VRIFY's DORA AI engine. With over US $10 million in cash in the bank and a leadership team credited with more than US $11 billion in cumulative mining exits, RUA GOLD is set for an active second half of 2025. Multiple programs are in motion across the portfolio, supported by AI‑driven targeting, shallow drill success, and the growing strategic importance of both gold and antimony. In other industry developments and happenings in the market include: AngloGold Ashanti plc (NYSE: AU), which has already surged 104% year-to-date, is set to acquire August Gold Corp. (TSX: G) (OTCQB: AUGG) for C$1.70 per share in cash, valuing Augusta at roughly C$152 million in equity and C$197 million enterprise. "This acquisition reinforces the value we see in one of North America's most prolific gold districts," said Alberto Calderon, CEO of AngloGold Ashanti. "We believe that securing these properties will not only solidify our leading position in the most important new gold district in the U.S., but will also improve our ability to develop the region under an integrated plan – with more flexibility, greater access, better infrastructure sharing, and cohesive engagement with all stakeholders". AngloGold Ashanti says the transaction strengthens its foothold in Nevada's Beatty District by adding the permitted Reward project, the Bullfrog deposit, and surrounding claims contiguous to its own ground. Augusta stockholders gain a 28% premium to the prior‑day close (37% to the 20‑day VWAP) and avoid future dilution, construction, and commodity‑price risk. "The offer from AngloGold Ashanti represents a compelling offer to stockholders, locking in a meaningful premium and immediate liquidity as compared to waiting for the Reward Project to commence construction and then produce by mid-2027," said Richard Warke, Executive Chairman of Augusta Gold. "Constructing the Reward Project would require additional dilution to raise the required equity, substantial time for construction, and time to get the mine operating at capacity. Taking the foregoing factors into consideration, I believe that the offer from AngloGold Ashanti represents a clearly superior path forward for stockholders." Boards of both companies have unanimously approved the deal, which AngloGold Ashanti will fund from existing cash and expects to close in the fourth quarter of 2025 pending customary approvals. Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) will launch a fully funded 2025 program that starts with up to 2 000 m of step‑out drilling on the Koivu Zone at its Paana Project in Finland's Central Lapland Greenstone Belt. "Momentum is building at Valkea," said Chris Donaldson, CEO and Executive Chair of Valkea. "Our 2024 drilling confirmed the high-prospectivity of our Aarnivalkea West target, and we're ready to build on that success this year. With strong support from strategic investors and the right team and partners in place, we're focused on advancing our projects toward meaningful milestones. For the balance of 2025, our priority is clear: expand the footprint of known gold mineralization, refine our key targets, and lay the groundwork for future resource definition." Valkea plans another 1,000 m of holes to test gaps between Koivu and the high‑grade Honka zone while advancing earlier‑stage targets across Paana West, Rova, Putaanperä, and Aarnivalkea East. The campaign follows a C$4.1 million placement and builds on 2024 hits such as 55.48 m of 1.63 g/t gold and 8.50 m of 8.57 g/t. Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) recently reported 15.05 m grading 11.9 g/t AuEq—including 5.35 g/t gold and 8.39% zinc—from its first surface hole at the Reforma deposit within the Campo Morado mine in Mexico. Luca has completed 22 of 25 planned underground holes and five of ten surface holes in the 7,500 m Phase 1 program aimed at adding near‑term resources. "Intersecting thick, high-grade, gold-rich massive sulphides in Luca's first drillhole at the Reforma Deposit clearly demonstrates how quickly the Company's exploration efforts can have a transformative impact on the mine and also our ability to realize the untapped metal endowment of Campo Morado," said Paul D. Gray, VP of Exploration of Luca. "The gold-rich Reforma and El Rey Deposits were discovered and partially defined in the 1990's but were never incorporated into the Campo Morado mine plan after the zinc-rich G9 Deposit became the primary focus of previous operators." Underground drilling at Campo Morado is also paying off, with intervals such as 11 m at 7.6 g/t AuEq and 30.8 m at 1.59 g/t AuEq expanding the SW Zone. " Luca is uniquely positioned to target these gold-rich deposits during record gold prices while continuing to build out the resources in the G9 Deposit," added Gray. "Underground drill results continue to impress with the discovery of additional mineralized zones with each batch of assays." CONTACT: [email protected] (604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for media corp, who has been paid a fee for an advertising contract with RUA Gold Inc. (forty five thousand dollars Canadian for a three month contract subject to the terms and conditions of the agreement from the company direct). MIQ has not been paid a fee for RUA Gold Inc. advertising or digital media, but the owner/operators of MIQ also co-owns Media Corp. ("BAY") There may also be 3rd parties who may have shares of RUA Gold Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of RUA Gold Inc. but reserve the right to buy and sell, and will buy and sell shares of RUA Gold Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by RUA Gold Inc. Technical information relating to RUA GOLD Inc. has been reviewed and approved by Simon Henderson, CP, AUSIMM, a Qualified Person as defined by National Instrument 43-101. Mr. Henderson is Chief Operational Officer of RUA GOLD Inc., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of RUA Gold Inc. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Cision Canada
5 minutes ago
- Cision Canada
Cascades invests more than $3.5 million in its Kingsey Falls tissue plant Français
KINGSEY FALLS, QC, July 17, 2025 /CNW/ - Cascades, the leader in environmentally responsible packaging and hygiene product manufacturing, is proud to announce it has recently invested $3,560,000 to upgrade a strategic converting line at its Kingsey Falls tissue plant. The investment involved replacing a packager and bagger with higher-performance equipment, which will result in two major benefits, namely optimizing the bathroom tissue packaging process and increasing productivity. The project is expected to increase the converting line's production rate at the packaging level by 8% compared to current performance levels, as well as improve overall line throughput, specifically through improved availability and a faster average speed. This project is an important step in strengthening our retail position, fuelling Cascades' growth and ensuring its long-term competitiveness. "The project implemented at our Kingsey Falls tissue plant will enable us to increase our capacity and be valued partner for our current and future customers. This investment exceeding $3.5 million—part of our continuous improvement efforts—demonstrates our commitment to driving our growth," said Hugues Simon, President and CEO of Cascades. Cascades is the industry leader in Canada and the sixth-largest tissue paper manufacturer in North America. Thanks to its investments in innovation, it has been developing a unique, value-added product line that meets third-party environmental standards. For the past six years, Cascades has ranked among the world's 100 most sustainable corporations, according to the prestigious Global 100 index produced by Corporate Knights. Opened in 1977, the Kingsey Falls tissue plant currently serves the residential hygiene solutions market. It currently boasts over 200 employees and is one of the region's top employers. It also provides a competitive salary and a benefits program tailored to its employees' lifestyle. Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs approximately 9,600 women and men across a network of 66 operating facilities, including 17 Recovery and Recycling facilities which are part of Corporate Activities and joint ventures managed by the Corporation, in North America. Driven by its participative management, half a century of experience in recycling, and continuous research and development efforts, Cascades continues to provide innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS. SOURCE Cascades Inc.
Globe and Mail
35 minutes ago
- Globe and Mail
Media List Launches Journalist Outreach Service to Simplify and Amplify Media Campaigns for Businesses and PR Professionals
Media List, a leading provider of media outreach solutions, is thrilled to announce the launch of its new Journalist Outreach service, designed to streamline and enhance media campaigns for businesses, PR professionals, and marketers. This innovative service offers two tailored solutions—Outreach Assist and Done-for-You Outreach—to simplify media outreach, maximize efficiency, and deliver measurable results without the complexity of traditional PR efforts. Introducing Journalist Outreach: Two Powerful Solutions Media List's Journalist Outreach service empowers users to connect with verified journalists across the U.S. using its comprehensive, curated media contact lists. The service eliminates the time-consuming tasks of crafting pitches, managing emails, and tracking results, allowing businesses to focus on their core objectives while securing impactful media coverage. Outreach Assist – $99 per Campaign Perfect for founders, marketers, and PR teams ready to scale outreach without the hassle, Outreach Assist lets users select any media contact list from their Media List purchase and leave the rest to the experts. Key features include: Media List sends your pitch to your chosen journalist list. Includes two follow-up emails to maximize engagement. Provides a detailed campaign report with open, click, and reply rates. Achieves proven open rates of up to 80%. Done-for-You Outreach – From $299 per Campaign Designed for busy professionals seeking hands-off results without hiring a PR agency, Done-for-You Outreach offers a fully managed solution. Key features include: Custom journalist list built specifically for your campaign goals. Expertly crafted outreach copy tailored to your brand. Full campaign execution, including two follow-up emails. Comprehensive reporting with open, click, and reply rates, plus direct journalist replies. Built on Media List's Trusted Foundation The Journalist Outreach service leverages Media List's meticulously curated database of verified journalists and editors across print, digital, broadcast, and social media platforms. Users can target state-specific or nationwide media contacts, ensuring precise outreach to journalists in key regions like California, New York, Texas, Florida, and Illinois, or major national outlets. This targeted approach, combined with professional campaign management, helps businesses secure coverage that resonates with their audiences. Streamlined and Results-Driven Both Outreach Assist and Done-for-You Outreach are designed for ease and effectiveness, catering to users of all experience levels. By automating and optimizing the outreach process, Media List eliminates the need for time-intensive research and follow-ups, delivering professional-grade results for teams of any size. The service's detailed reporting provides actionable insights, empowering users to refine their strategies and build lasting journalist relationships. Get Started with Journalist Outreach Today Businesses, PR professionals, and marketers are invited to explore the Journalist Outreach service. Whether choosing the hands-on Outreach Assist or the fully managed Done-for-You Outreach, Media List's new service offers a powerful solution to amplify media presence and achieve PR goals. About Media List Media List is a trusted provider of curated, up-to-date media contact lists and outreach solutions, simplifying media engagement for businesses, PR professionals, and individuals. Organized by location and industry, Media List's services help users secure the press coverage they need. Visit to learn more. Media Contact Company Name: Media List Contact Person: Rica Email: Send Email Country: United States Website:
