Riot Clears $200M Coinbase Loan, Frees $341M in Bitcoin Collateral

Riot Platforms has repaid a $200 million Bitcoin-backed credit facility from Coinbase Credit, ending a financing arrangement secured by part of the miner’s cryptocurrency holdings.

Riot paid the remaining principal and accrued interest on Sept. 21, according to a Sept. 25 filing with the US Securities and Exchange Commission. The company did not pay an early termination fee.

The repayment also released Bitcoin, USDC and cash pledged as collateral. As of June 30, Riot had pledged 5,821 Bitcoin worth about $340.7 million, representing roughly 51% of its 11,380 Bitcoin holdings.

Riot Clears Bitcoin-Backed Debt

The facility carried a fixed annual interest rate of 6.15% after an April 2026 amendment. Riot initially borrowed $100 million from Coinbase in April 2025 and doubled the facility to $200 million a month later.

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In April 2026, the companies amended the agreement, replacing its floating interest rate with a fixed rate.

Riot Expands Data Center Operations

Riot continues expanding its target="_blank" rel="noreferrer noopener nofollow">announced a 20-year lease covering 191 megawatts at its Rockdale campus.

The agreement with an unnamed artificial intelligence developer is expected to generate about $9.1 billion in revenue over the lease term. The deal adds a long-term revenue source as Riot expands its computing infrastructure.

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