Riot Platforms announces $500M convertible note offering; holds 11,425 BTC ($1.102B)

Riot Platforms, Inc.

Offering $500M aggregate principal of convertible senior notes due 2030; initial purchasers can buy additional $75M.
Notes mature Jan 15, 2030; convertible into cash, stock, or combination at Riot's election; callable after Jan 20, 2028.
Net proceeds to acquire additional bitcoin and for general corporate purposes.
As of Nov 30, 2024, Riot held 11,425 Bitcoin (fair value ~$1.102B via Coinbase close), all from mining operations.
Offering is private under Rule 144A; notes and conversion shares not registered under Securities Act.

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