Riot Platforms Repays $200M Coinbase Credit Facility, Releases Collateral

Riot Platforms, a Bitcoin miner, has successfully repaid its $200 million credit facility from Coinbase Credit, freeing up its collateral. The facility was secured by pledging Riot's financial assets, including Bitcoin, USDC, and cash, held in the custody of Coinbase Custody Trust Company.

The repayment was completed with no early termination fees or penalties incurred by Riot. This development comes as the miner continues to expand its data-center business. In August, Riot Platforms secured a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas campus to Anthropic, a leading frontier AI company.

The deal, valued at approximately $9 billion, is one of the largest in the industry. Additionally, in May, Riot Platforms reported $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million.