Riot’s strategic financial move: Riot Platforms successfully completed a 525 million USD convertible notes offering with a 0.75% interest rate. These notes will mature by 2030 and can be converted to stock starting in 2029, boosting investor confidence.
Bitcoin acquisition focus: Following a prior investment of 68.45 million USD to acquire 705 Bitcoins, Riot now holds 12,000 Bitcoins worth approximately 1.2 billion USD. This positions Riot as the second-largest crypto mining firm by Bitcoin holdings.
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