Another major U.S. miner to raise up to $500M for Bitcoin purchases
American mining company Riot Platforms plans to raise up to $500 million through bond issuance, with most of the funds to be spent on purchasing Bitcoin as a "strategic reserve asset."
As of November 30, Riot's balance sheet held 11,425 BTC (~$1.12 billion). In November, the company mined 495 Bitcoins at its data centers in Texas and Kentucky, with a combined device capacity of 30.8 EH/s (exahashes per second) and an average electricity cost of $0.038 per kWh.
