Riot Platforms opened a new $500 million at-the-market equity offering this week as the bitcoin miner reported lower November production and continued to sell a large portion of its monthly output to fund operations and expansion.
In a filing with the U.S. Securities and Exchange Commission yesterday, Riot said it entered into a definitive sales agreement allowing it to issue and sell up to $500 million of common stock at prevailing market prices through the Nasdaq Capital Market.