According to online reports, Bitcoin mining company Riot Platforms has continued to sell its stake in rival Bitfarms since June 7, selling an additional 6.5 million shares, with a total gain of US$5.67 million. According to a U.S. Securities and Exchange Commission disclosure, the average selling price for the latest batch of shares is $0.85 per share. The sale follows a liquidation round from May 27 to June 6, during which Riot sold 8.85 million shares at an average price of $0.97 per share. Since the end of May, the company has sold a total of 15.36 million shares of Bitfarms, with revenue of approximately $14.2 million. Despite its continued reduction in holdings, Riot remains one of Bitfarms's largest shareholders. As of June 20, it still held 13.4% of the company's outstanding shares, down from more than 14% before the latest sale. Riot initially built a position in Bitfarms during a failed acquisition attempt in 2024, accumulating approximately 90 million shares at a weighted average cost of $2.24 per share. The recent sale represented only a small portion of the position, but was made at a price well below Riot's original purchase price, highlighting the financial losses associated with the strategic retreat.