Riot Platforms, a Nasdaq-listed bitcoin miner, has announced plans to raise $525 million by issuing 0.75% annual convertible senior notes, which will be sold through private placement only to qualified institutional buyers. The offering is an expansion of the previously announced $500 million principal issue and is expected to close on December 11, 2024, subject to customary closing conditions. Riot said it plans to use the net proceeds from the offering to purchase additional bitcoins for general corporate purposes.
Previously, on December 9, Riot announced plans to issue 500 million USD convertible senior notes privately, primarily for bitcoin acquisitions and general corporate use.
Riot Platforms Announces Plans to Raise $525 million to Purchase BTC by Issuing Convertible Senior Notes
2024-12-11 02:13:04
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Riot Platforms宣布拟通过发行可转换优先票据募资5.25亿美元用于购买BTCNext article：
某巨鲸于4小时前将3000枚ETH充值进Binance，若卖出将获利82.7万美元
