Riot Platforms Repays $200 Million Coinbase Loan, Unlocks 5,821 BTC Collateral

Riot Platforms has fully repaid its $200 million credit facility with Coinbase, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC). The repayment, completed on September 21, terminated the loan agreement without any early termination fees or penalties. This action released the collateral previously held by Coinbase, which included 5,821 BTC, USDC, and cash. The loan, which carried a 6.15% fixed annual interest rate, was originally set to mature in April 2027. Riot continues to expand its data center operations, recently securing a 20-year agreement to provide 191 megawatts of computing capacity to an AI developer.