{"id":4007,"date":"2024-12-10T14:32:37","date_gmt":"2024-12-10T14:32:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4007"},"modified":"2024-12-10T14:32:37","modified_gmt":"2024-12-10T14:32:37","slug":"riot-platforms-to-raise-525-million-via-private-convertible-debt-to-purchase-bitcoins","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4007","title":{"rendered":"Riot Platforms To Raise $525 Million Via Private Convertible Debt To Purchase Bitcoins"},"content":{"rendered":"<div>\n<p>On Tuesday, Bitcoin mining company<strong> Riot Platforms, Inc<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RIOT#NASDAQ\">RIOT<\/a>) priced its <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/pressreleases\/24\/12\/n42405387\/riot-announces-pricing-of-offering-of-0-75-convertible-senior-notes\" rel=\"noreferrer noopener\">upsized private offering<\/a> of\u00a0$525 million\u00a00.75% convertible senior notes due 2030.<\/p>\n<p>Riot also granted the notes\u2019 initial purchasers an option to purchase up to an additional\u00a0$75 million\u00a0in aggregate principal amount of the notes.<\/p>\n<p>The offering was upsized from $500 million and will close on\u00a0December 11, 2024.<\/p>\n<p><strong><em>Also Read:<\/em><\/strong><em> <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/24\/12\/42385349\/chinese-social-media-company-hello-group-gains-after-q3-print-ceo-flags-overseas-growth\" rel=\"noreferrer noopener\">Chinese Social Media Company Hello Group Gains After Q3 Print, CEO Flags Overseas Growth<\/a><\/em><\/p>\n<p>Riot intends to use the net proceeds from the offering to acquire additional\u00a0bitcoins\u00a0and for general corporate purposes.<\/p>\n<p>Riot estimates that the net proceeds from the sale of the notes will be approximately\u00a0$511.5 million if the additional option is not exercised.<\/p>\n<p>The notes will bear interest at 0.75% per year, payable semiannually in &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/24\/12\/42414430\/riot-platforms-raises-525-million-in-upsized-convertible-note-offering-to-boost-bitcoin-holdings\" alt=\"Riot\" platforms to raise million via private convertible debt purchase bitcoins>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, Bitcoin mining company Riot Platforms, Inc (NASDAQ:RIOT) priced its upsized private offering of\u00a0$525 million\u00a00.75% convertible senior notes due 2030. Riot also granted the notes\u2019 initial purchasers an option to purchase up to an additional\u00a0$75 million\u00a0in aggregate principal amount of the notes. The offering was upsized from $500 million and will close on\u00a0December 11, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4007","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4007"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4007\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}