ok快讯 reported on December 9 that Riot Platforms plans to issue $500 million in convertible senior bonds through a private offering, with a term of 2030, and may issue an additional $75 million in bonds. The bonds are unsecured senior bonds that can be converted into cash, Riot common stock, or a combination of the two depending on the conditions. The funds raised from the bonds will be mainly used for the acquisition of Bitcoin and general corporate purposes.
The bonds are expected to be redeemable in part or in full after January 20, 2028, and will be convertible only upon the occurrence of specified events until June 15, 2029. The initial conversion rate and other terms will be determined at pricing, with reference to the weighted average price of Riot shares.