Riot Platforms Repays Coinbase Loan and Terminates $200 Million Credit Facility

Riot Platforms has fully repaid its outstanding principal and interest to Coinbase Credit, effectively terminating its $200 million Bitcoin-collateralized credit facility without incurring early termination fees. The company has released the collateral, which included 5,821 Bitcoin valued at approximately $340.7 million as of June 30. The loan carried a fixed annual interest rate of 6.15% and was originally scheduled to mature in April 2027. Riot is currently expanding its data center operations, including a recent 20-year, 191-megawatt power capacity lease agreement with an AI developer.