Bitcoin Miner Riot Raises $500M
This is a news story, published by CoinGape, that relates primarily to Riot Platforms news.
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Private Offering Igniting OptimismCoinGape
•Bitcoin miner Riot Platforms announces plans to raise $500 million to buy BTC
63% Informative
Bitcoin miner Riot Platforms announced plans to raise $500 million to accelerate its BTC buying strategy.
The firm revealed on Monday that it proposed a private offering of $ 500 M worth of convertible senior notes due 2030 for qualified institutional investors.
The sale remains subject to market and other risk conditions, and there can be no guarantee as to whether, when, or on what terms the offering may be completed.
Bitcoin faces strong market turbulence after hitting an ATH above $ 100K.
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