RE:Riot is buying Bitf at all possible chance…..RIOT already owns 19.9% of Bitfarms and they cannot buy any more shares at the moment. The shareholders rights plan is in effect. The initial plan would have restricted RIOT to 15% ownership but that was overturned in court. It was replaced however by the traditional form of the rights plan which triggers at 20%. RIOT is not and cannot be buying shares at the moment since they are already at the threshold.
(not that I'm against accumulating Bitfarms, they remain undervalued in my opinion, but if the price of BTC doesn't go up, neither will BITF)
The Rights Plan effectively prohibited any person from acquiring more than 15% of Bitfarms between June 20, 2024 and September 10, 2024, unless pursuant to a “Permitted Bid” (i.e., a formal take-over bid in compliance with the Canadian take-over bid regime). The 15% trigger increased to 20% after September 10, 2024.