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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.