Riot Platforms repays $200M credit facility, releases collateral
The Bitcoin miner has continued to expand its data-center business as well.
Bitcoin mining company Riot Platforms has successfully repaid a $200 million credit facility from Coinbase Credit, releasing the collateral pledged as security for the loan. The facility, which included a pledge of Riot's financial assets like Bitcoin, USDC, and cash held in Coinbase Custody Trust Company's custody, was fully paid off on Monday, according to a filing with the US Securities and Exchange Commission. No early termination fees or penalties were incurred during this prepayment or termination.
In addition to repaying the credit facility, Riot Platforms has continued to expand its data-center business. In August, Cointelegraph reported a 20-year agreement signed with Anthropic, an "AI leader," to supply 191 megawatts of capacity from Riot's Rockdale, Texas campus. This deal, valued at around $9 billion, was disclosed by Bloomberg, citing individuals familiar with the arrangement.
In the first quarter of 2026, Riot Platforms reported $167.2 million in revenue, with its newly established data-center operations contributing $33.2 million.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
