Riot Platforms opens $500M equity offering following bullish forecast

Riot Platforms (NASDAQ: RIOT) opened a $500 million at-the-market offering on Tuesday. The new $500 million facility replaces a previous equity sale agreement established on August 9, 2024. Riot terminated that prior agreement effective Tuesday.Under the terms of the agreement, Riot retains discretion over the timing and volume of sales. Riot sold approximately $600.5 million worth of stock under the 2024 agreement prior to its cancellation, with the facility having roughly $149.5 million in unsold capa ...