PANews reported on October 25 that 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 13, Riot disclosed that it would acquire an additional 1 million shares of Bitfarms common stock through open market purchases. The transaction is worth approximately US$2.28 million, and Riot's total holdings in Bitfarms increased from 84.3 million shares to 85.3 million shares. With this acquisition, Riot now owns 18.9% of Bitfarms, thereby increasing its influence over the Canadian mining company. Riot said it will continue to review its investment in Bitfarms and may consider further action, including adjusting its position or proposing other changes to the composition of the board of directors.