Riot Games Increases Investment in Bitfarms, Holding Proportion Rising to 18.68%
Publication Time:2024-08-14 12:46:06
On August 14th, according to the industry news platform Cryptonews, the well-known game developer Riot Games adjusted its strategy for holding shares in its partner Bitfarms by adding an investment of 1 million additional stocks. This move increased Riot Games' holding proportion in Bitfarms to around 18.68%, with a total of approximately 85.3 million shares held. Riot Games stated that future decisions regarding further investments will depend on ongoing negotiations with Bitfarms, including discussions at shareholders' meetings and potential changes to Bitfarms' board. This increase in investment demonstrates Riot Games' long-term confidence in Bitfarms and its potential for cooperation.
Bitfarms
Riot Games
Stock Increase
Holding Proportion