Riot Platforms Repays $200M Coinbase Credit Facility Amid AI Infrastructure Shift

Riot Platforms has successfully repaid a $200 million credit facility from Coinbase Credit, releasing bitcoin and USDC as collateral in the process. This move is part of the company's shift towards artificial intelligence (AI) and high-performance computing infrastructure.

As of June 30, 2026, Riot had pledged 5,821 bitcoin as collateral against this facility, which represents roughly half of its total holdings. The repayment ends the facility without any early termination fee.

Riot is increasingly positioning its power infrastructure for AI workloads rather than relying solely on Bitcoin mining. The company has secured long-term data-center agreements at its Rockdale, Texas, campus, including a 191-megawatt Anthropic deal valued at $9.1 billion over its initial 20-year term.

With this shift, Riot now describes its sites as power infrastructure for advanced computing with 2 gigawatts of approved capacity across its portfolio.