Riot Platforms, Inc. (RIOT), Monday said that it intends to privately offer $500 million convertible senior notes due 2030. The Bitcoin mining and digital infrastructure company's shares were down more than 6 percent in pre-market trading.
The company also expects to grant to the initial purchasers an option to purchase up to an additional $75 million of the notes.
Riot intends to use the net proceeds from this offering to acquire additional bitcoin and for general corporate purposes.
Riot Platforms stock had closed at $12.95, up 5.11 percent on Friday. It has traded in the range of $6.36 - $18.75 in the last 1 year.
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September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.