Riot Platforms closes $525M 0.75% convertible note offering due 2030, net proceeds ~$511.5M

Riot Platforms, Inc.

$525M aggregate principal of 0.75% convertible senior notes due 2030, net proceeds ~$511.5M after discounts and expenses.
Conversion rate 67.2767 shares per $1,000, initial conversion price ~$14.86 per share (32.5% premium over VWAP of $11.2181).
Proceeds to be used to acquire additional Bitcoin and for general corporate purposes.
Notes are senior unsecured, mature Jan 15, 2030, interest payable semiannually; redeemable after Jan 20, 2028 under certain conditions.

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