Riot closes $594.4M Convertible Senior Notes Offering
Riot Platforms, Inc. has just closed a significant offering of its 0.75% convertible senior notes due 2030, raising a total of $594.4 million. This offering, which included the partial exercise of the initial purchasers’ option, was exclusively available to qualified institutional buyers.
After accounting for discounts, commissions, and offering expenses, Riot’s net proceeds totaled approximately $579.2 million. The company wasted no time in deploying these funds to acquire more Bitcoin, further solidifying its position in the market.
Riot Platforms, Inc., traded on Nasdaq under the symbol RIOT, is known for its strong vision of becoming a leading Bitcoin-driven infrastructure platform. With operations in central Texas and Kentucky, as well as an engineering and fabrication arm in Denver, Colorado, Riot is strategically positioned to capitalize on the growing digital currency market.
Looking ahead, Riot remains committed to its mission of making a positive impact on the sectors and communities it operates in. By focusing on innovation and fostering strong partnerships, the company aims for exceptional performance and successful outcomes in all its endeavors.
As with any investment opportunity, it’s essential to note that forward-looking statements like these are subject to risks and uncertainties. Investors are encouraged to review Riot’s filings with the U.S. Securities and Exchange Commission (SEC) for a comprehensive understanding of the potential factors that could affect actual results.
For those interested in learning more about Riot Platforms, Inc. and its offerings, visit their website at www.riotplatforms.com.
For further information or media inquiries, please contact:
Investor Contact: Phil McPherson – 303-794-2000 ext. 110 – IR@Riot.Inc
Media Contact: Alexis Brock – 303-794-2000 ext. 118 – PR@Riot.Inc
