Riot Platforms Repays $200M Facility, Expands Data Center Business

Riot Platforms has repaid its $200 million credit facility from Coinbase Credit and released the collateral it held. The miner secured the facility with a pledge of financial assets, including Bitcoin, USDC, and cash, which was custodied by Coinbase Custody Trust Company.

The remaining principal and interest on the facility were paid in full on Monday, according to an SEC filing made last Friday.

No early termination fees or penalties were incurred as part of the repayment process.

Riot Platforms has also been expanding its data center business, having secured a 20-year agreement with Anthropic for the supply of 191 megawatts of capacity from its Rockdale, Texas campus. The deal was reportedly valued at about $9 billion.