Riot Platforms Opens $500M Stock Offering as Bitcoin Production Falls
Riot Platforms has initiated a new $500 million at-the-market equity offering following a decline in November's Bitcoin production and its ongoing strategy of selling most output to fund expansion. Despite a drop in average realized sale price for Bitcoin in November, institutional analysts maintain a long-term upside view for Riot due to its significant infrastructure footprint. The company plans to use the proceeds for capital expenditures, acquisitions, and investments in its data centers and mining projects.
https://bitcoinmagazine.com/news/riot-opens-500m-stock-offering