Riot Platforms Repays $200 Million Credit Facility and Unlocks Bitcoin Collateral
Crypto mining firm Riot Platforms announced the full repayment of its $200 million credit facility provided by Coinbase Credit. The loan, originally set to mature in April 2027, was terminated seven months early without any prepayment penalties. Following the repayment, Riot Platforms successfully released over 5,821 $BTC that were previously held as collateral. These assets, valued at approximately $340.7 million as of late June 2026, represented 51% of the company's total Bitcoin holdings. This move effectively reduces the company's financial leverage.
Summaries are written by AI from the original article. Not investment advice.