Riot Platforms Completes $525 Million Note Issuance, Invests Fully in BTC Acquisition
Riot Platforms completes $525 million note issuance, fully increasing BTC acquisition Golden Finance, these notes are privately issued to institutional investors

Riot Platforms completes $525 million note issuance, fully increasing BTC acquisition Golden Finance, these notes are privately issued to institutional investors
Riot Platforms faced a challenging Q2, with increased costs and decreased production following April's halving, leading to its first loss since 2022.
Riot Platforms advances its acquisition efforts against Bitfarms, despite defensive tactics, by highlighting governance concerns and expanding operations.
Explore how Riot Platforms soared in Bitcoin production and revenue in 2023, amidst cost reductions, strategic expansions, and navigating regulatory challenges.
Explore how Riot, TeraWulf, and CleanSpark are uniquely positioned for success in the Bitcoin mining industry post-halving. This article delves into their innovative strategies, focusing on sustainability, efficiency, and the implications of Bitcoin halving for the cryptocurrency market.
The four biggest US-based mining operations - Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining - got ...
"The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les.
Moving rigs from New York to Texas was part of Riot's effort to reduce the firm’s operating expenses through lower power costs and eliminate “all third-party hosting fees.”
Despite the sizable dilution, the RIOT stock price has not moved much at the time of publication.
The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity "in the coming years" will produce 20 EH/s.