Riot Platforms Repays Coinbase Loan Early, Reclaims 5,821 BTC

Mining firm Riot Platforms has fully repaid a $200 million loan from Coinbase, terminating its Bitcoin-collateralized credit facility. The repayment released 5,821 BTC, representing approximately 51% of the company's crypto reserves as of late June, valued at roughly $340.7 million. The loan, which carried a 6.15% annual interest rate and was scheduled to mature in April 2027, was settled without early repayment penalties. Simultaneously, Riot is expanding its AI data center operations, recently securing a 20-year contract for 191 MW of computing capacity in August.