Market
What will be Riot Platforms' market position among US Bitcoin mining companies by December 31, 2025?
3
Resolution / Starting Odds
Riot becomes the largest Bitcoin mining company in the US • 25%
Riot remains among the top 3 mining companies • 25%
Riot drops out of the top 5 mining companies • 25%
Riot exits the Bitcoin mining industry • 25%
Market share reports and industry analyses
Story
Riot Platforms to Raise Up to $575 Million via Convertible Notes to Acquire Bitcoin
Dec 9, 2024, 12:40 PM
Riot Platforms (NASDAQ: RIOT), a leading U.S. Bitcoin mining company, announced a proposed private offering of $500 million of convertible senior notes due 2030, with an option for initial purchasers to buy an additional $75 million of notes. The net proceeds from the offering are intended to be used primarily for the acquisition of Bitcoin and for general corporate purposes. This move mirrors strategies employed by companies like MicroStrategy and Marathon Digital Holdings (MARA) to increase Bitcoin holdings through convertible debt offerings. Following the announcement, shares of Riot Platforms were down 6.5% in premarket trading.
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Similar markets
4th to 6th • 25%
Top 3 • 25%
Below 10th • 25%
7th to 10th • 25%
Outside top 10 • 25%
Top 5 in market share • 25%
Top 3 in market share • 25%
Top 10 in market share • 25%
More than 30,000 BTC • 25%
20,000 to 25,000 BTC • 25%
Less than 20,000 BTC • 25%
25,001 to 30,000 BTC • 25%
Other • 25%
Riot performs similarly to Bitcoin • 25%
Riot underperforms Bitcoin • 25%
Riot outperforms Bitcoin • 25%
Neutral reaction • 25%
Mixed reaction • 25%
Positive reaction • 25%
Negative reaction • 25%
18,001 - 20,000 BTC • 25%
16,000 - 18,000 BTC • 25%
Less than 16,000 BTC • 25%
More than 20,000 BTC • 25%
Aggressive Acquisition • 25%
Moderate Acquisition • 25%
No Further Acquisition • 25%
Divestment • 25%
1,500 BTC or more • 25%
500 - 999 BTC • 25%
1,000 - 1,499 BTC • 25%
Less than 500 BTC • 25%
Less than 1,000 BTC • 25%
More than 5,000 BTC • 25%
3,001 to 5,000 BTC • 25%
1,000 to 3,000 BTC • 25%
Yes • 50%
No • 50%