---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-127656"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2024-12-11T23:59:59+00:00"
generated_at: "2026-05-29T04:37:35.515309+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001104659-24-127656
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2024-12-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000110465924127656/0001104659-24-127656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000110465924127656/tm2430044d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-127656
- JSON: https://secwatch.observer/filing/0001104659-24-127656.json
- Plain text: https://secwatch.observer/filing/0001104659-24-127656.txt

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