ChainCatcher news, according to Cryptoslate, documents submitted by Bitcoin mining company Riot Platforms to the U.S. Securities and Exchange Commission (SEC) show that the company has successfully completed a $525 million senior notes issuance. These notes, which mature in 2030, have an interest rate of 0.75% and were privately issued to institutional investors.

The terms of the notes stipulate that starting in 2029, investors have the right to convert them into Riot's common stock, and under certain specified conditions in the issuance terms, investors may also convert early. The proceeds will primarily be used to advance the company's Bitcoin acquisition strategy and further expand its holdings.