RIOT to raise $500 MILLION (Convertible Senior Notes) to purchase more Bitcoin
Posted: Dec 09, 2024
- Riot Platforms, Inc. (NASDAQ: RIOT) announced a proposed private offering of $500 million of convertible senior notes due 2030
- Riot intends to use the net proceeds from this offering to acquire additional bitcoin and for general corporate purposes
- The notes will be offered and sold to qualified institutional buyers in a private offering
- The offering is subject to market conditions and other factors
- Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy
- Forward-looking statements in the press release caution potential risks and uncertainties
- For further information, contact Phil McPherson at [email protected] or Alexis Brock at [email protected].
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