secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001558370-24-016266
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000155837024016266/0001558370-24-016266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000155837024016266/riot-20241216x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-016266

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer