Riot Platforms, one of the largest Bitcoin mining companies in North America, has raised $525m through a senior note offering to expand its Bitcoin holdings and support ongoing operations. After covering expenses, the company netted around $511.5m. The notes, which mature in 2030 and carry a 0.75% interest rate, will provide the company with long-term financing at relatively low rates in the current market environment.
Riot currently holds 12,000 Bitcoin, worth around $1.2bn, making it the second-largest Bitcoin holder among mining companies. Riot plans to use the funds from the offering for both direct Bitcoin purchases and general corporate purposes.
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<p>The post Riot Platforms Acquires $525M in Senior Notes, Plans to Acquire More Bitcoin first appeared on CoinBuzzFeed.</p>
