Riot Platforms Repays $200 Million Debt to Pivot Toward AI Infrastructure

Riot Platforms has repaid a $200 million credit facility to Coinbase Credit, releasing collateral that included Bitcoin (BTC) and USDC. This move aligns with the company's strategic shift from pure Bitcoin mining toward providing power infrastructure for AI and high-performance computing. Riot has secured long-term data center agreements, including a 191-megawatt deal with Anthropic valued at $9.1 billion over 20 years. The company currently manages 2 gigawatts of approved power capacity across its portfolio.