Riot Platforms, a leading Bitcoin mining company, has completed a $525 million senior note offering to fund additional Bitcoin acquisitions and corporate purposes. The offering, which netted $511.5 million, includes provisions for conversion into common stock in 2029. Riot recently acquired 705 Bitcoin for $68.45 million, bringing its total holdings to 12,000 Bitcoin valued at around $1.2 billion. Marathon Digital is currently the largest Bitcoin holder among mining companies with over 40,000 Bitcoin.



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