According to official news, Riot Platforms, a Nasdaq-listed Bitcoin mining company, announced that it plans to raise $525 million by issuing convertible senior notes with an annual interest rate of 0.75%. These notes will be sold only to qualified institutional buyers through private placement. The scale of this issuance is larger than the previously announced total principal amount of $500 million. It is expected to be completed on December 11, 2024, subject to customary closing conditions. Riot said it plans to use the net proceeds from this issuance to purchase additional Bitcoin and for general corporate purposes. Earlier on December 9, Riot announced plans to privately issue $500 million in convertible senior notes, mainly for increasing Bitcoin holdings and general corporate purposes.