---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-126515"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T05:30:20.550600+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-126515
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000110465924126515/0001104659-24-126515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000110465924126515/tm2430044d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-126515
- JSON: https://secwatch.observer/filing/0001104659-24-126515.json
- Plain text: https://secwatch.observer/filing/0001104659-24-126515.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.