debt
confidence high
sentiment neutral
materiality 0.75
Riot closes $594.4M convertible notes offering, buys 667 Bitcoin; introduces BTC Yield KPI of 37.2% YTD
Riot Platforms, Inc.
- Closed $594.4M 0.75% convertible senior notes due 2030; net proceeds ~$579.2M.
- Acquired 667 Bitcoin for ~$67.5M at avg $101,135/BTC, total holdings 17,429 BTC.
- Introduced BTC Yield KPI: 36.7% QTD (Oct 1-Dec 13), 37.2% YTD (Jan 1-Dec 13).
- Shares outstanding increased from 230.8M to 343.9M since 12/31/2023; diluted shares from 231.3M to 399.2M.
- Substantially all note proceeds deployed to acquire Bitcoin; notes convertible into common stock.