Riot Platforms sold over 11.1 million Bitfarms shares on Monday, with a total value of approximately $15.1 million According to Golden Finance, after accelerating stock sales in recent weeks, Riot Platforms has significantly reduced its stake in competitor Bitcoin mining company Bitfarms, reaching a peak on Monday with 11 million shares sold on the same day. According to securities filing documents, Riot sold over 11.1 million shares of Bitfarms stock on August 18th, with an average price of $1.36 per share and a total value of approximately $15.1 million. This move reduces its shareholding ratio to below 5% and no longer requires public disclosure. As of 2025, Riot has sold approximately 71.5% of the 90 million Bitfarms shares accumulated last year, or approximately 64.4 million shares, at an average selling price of $1.11 per share, earning a total profit of $71.3 million. Riot's average cost of building a position in 2024 was $2.24 per share, which means that the divestment suffered significant losses compared to its initial investment. The sale on August 18th was Riot's largest single day transaction in months, far exceeding its previous daily sales volume, which typically ranged from tens of thousands to 4 million shares.