Riot Platforms Repays $200M Credit Facility Without Penalty
Riot Platforms has repaid its $200 million credit facility from Coinbase Credit, releasing its collateral in the process. The miner secured the facility by pledging its financial assets, including Bitcoin, USDC, and cash, which were held in the custody of Coinbase Custody Trust Company.
The repayment was completed on Monday, according to a filing with the US Securities and Exchange Commission, without any early termination fees or penalties incurred by Riot. This marks another milestone for the miner as it continues to expand its data-center business.
Just last year, Riot secured a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas campus to a leading frontier AI company, Anthropic. The deal was valued at around $9 billion and is a significant step in the miner's diversification efforts.