Riot Platforms, Inc. Sells 182,543 Shares of Bitfarms Ltd. (TSE:BITF) Stock

Bitfarms Ltd. (TSE:BITF - Get Free Report) insider Riot Platforms, Inc. sold 182,543 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of C$1.10, for a total value of C$201,192.51.

Riot Platforms, Inc. also recently made the following trade(s):

• On Monday, June 16th, Riot Platforms, Inc. sold 1,500 shares of Bitfarms stock. The stock was sold at an average price of C$1.18, for a total transaction of C$1,767.09.
• On Monday, June 16th, Riot Platforms, Inc. sold 2,450 shares of Bitfarms stock. The stock was sold at an average price of C$1.16, for a total value of C$2,854.03.
• On Wednesday, June 11th, Riot Platforms, Inc. sold 100 shares of Bitfarms stock. The stock was sold at an average price of C$1.24, for a total value of C$123.83.
• On Monday, June 9th, Riot Platforms, Inc. sold 571 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total transaction of C$715.07.
• On Monday, June 9th, Riot Platforms, Inc. sold 1,418 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total transaction of C$1,776.95.
• On Monday, June 9th, Riot Platforms, Inc. sold 526 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total value of C$659.44.
• On Monday, June 9th, Riot Platforms, Inc. sold 925 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total transaction of C$1,160.29.
• On Monday, June 9th, Riot Platforms, Inc. sold 508 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total transaction of C$637.36.
• On Monday, June 9th, Riot Platforms, Inc. sold 116 shares of Bitfarms stock. The shares were sold at an average price of C$1.25, for a total value of C$145.48.
• On Monday, June 9th, Riot Platforms, Inc. sold 1 shares of Bitfarms stock. The shares were sold at an average price of C$1.24, for a total transaction of C$1.24.

Bitfarms Stock Down 2.8%

BITF traded down C$0.03 on Monday, reaching C$1.03. 1,736,492 shares of the company traded hands, compared to its average volume of 2,024,583. The stock's 50 day moving average price is C$1.33 and its 200-day moving average price is C$1.73. The company has a debt-to-equity ratio of 4.68, a current ratio of 3.70 and a quick ratio of 0.63. Bitfarms Ltd. has a 52-week low of C$0.96 and a 52-week high of C$4.30. The company has a market cap of C$361.24 million, a price-to-earnings ratio of -2.32 and a beta of 3.20.

Analyst Upgrades and Downgrades

Separately, ATB Capital reduced their price objective on shares of Bitfarms from C$6.50 to C$3.75 and set an "outperform" rating for the company in a research note on Friday, March 28th.

Bitfarms Company Profile

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

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