Bitcoin · Coinbase · Cointelegraph
Riot Platforms repays $200 million credit facility, launches collateral
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The Bitcoin miner has continued to expand its data-center business as well.
Key facts
- In May that Riot Platforms posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million
- Bitcoin miner Riot Platforms this week repaid a $200 million credit facility from Coinbase Credit, releasing its collateral
- The miner has also continued to expand its data-center business, as in August, when Riot Platforms secured a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas, campus
- The customer was Anthropic and the deal was valued at about $9 billion, Bloomberg subsequently reported, citing people familiar with the matter
Summary
Bitcoin miner Riot Platforms this week repaid a $200 million credit facility from Coinbase Credit, releasing its collateral. The facility had been secured by a pledge of Riot’s financial assets, including Bitcoin, USDC and cash, which was held in the custody of Coinbase Custody Trust Company. Riot finished paying the remaining principal and interest on Monday, according to a Friday filing with the US Securities and Exchange Commission. No early termination fees or penalties were incurred by Riot in connection with the prepayment or termination.