** * Shares of Riot Platforms RIOT down 7% to $12.05 premarket as it seeks capital to acquire additional bitcoin BTCUSD
** Colorado-based bitcoin miner says offering privately $500 mln 6-yr convertible bonds
** Co has current market cap of ~$4.3 bln, per LSEG
** Through Fri, RIOT shares had gained 33% since the Nov 5 presidential election, as bitcoin has stormed past $100,000 on hopes of friendlier regulatory environment for digital assets under Donald Trump
** On Mon, bitcoin down 1.7% trading around $98,400. The world’s largest cryptocurrency has jumped >40% since the election and is up ~130% in 2024
** Other bitcoin miners have issued convertible securities recently , capitalizing on their rising stock prices, including Mara Holdings MARA , Bitdeer Technologies BTDR and high-performance computing and data center operator Core Scientific CORZ
