Riot Terminates Coinbase-Backed Loan Facility

Riot Platforms has made a significant move in its financial management, terminating its $200 million secured term loan facility with Coinbase Credit. The decision was made on September 21, 2026, and involved prepaid amounts outstanding under the Second Amended and Restated Credit Agreement.

The termination of the credit agreement simplifies Riot's capital structure by removing encumbrances on its financial assets, including Bitcoin, USDC, and cash. This development is seen as a strategic move to free up resources for future growth initiatives.