---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-016266"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T02:47:29.587499+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Riot closes $594.4M convertible notes offering, buys 667 Bitcoin; introduces BTC Yield KPI of 37.2% YTD

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-016266
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000155837024016266/0001558370-24-016266-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000155837024016266/riot-20241216x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-016266
- JSON: https://secwatch.observer/filing/0001558370-24-016266.json
- Plain text: https://secwatch.observer/filing/0001558370-24-016266.txt

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