Riot Clears $200M Coinbase Loan, Frees $341M in Bitcoin
Riot Platforms has repaid a $200 million Bitcoin-backed credit facility from Coinbase Credit, ending a financing arrangement secured by part of the miners cryptocurrency holdings. Riot paid the remaining principal and accrued interest on Sept. 21, according to a Sept. 25 filing with the US Securities and Exchange Commission. The company did not pay an early termination fee. The repayment also released Bitcoin, USDC and cash pledged as collateral. As of June 30, Riot had pledged 5,821 Bitcoin worth about $340.7 million, representing roughly 51% of its 11,380 Bitcoin holdings. Riot Clears Bitcoin-Backed Debt The facility carried a fixed annual interest rate of 6.15% after an April 2026 amendment. Riot initially borrowed $100 million from Coinbase in April 2025 and doubled the facility to $200 million a month later. Discover more Crypto exchange comparison Crypto market updates Crypto tax software Related: Bitget Hack Reveals What Really Builds a Crypto Community: Trust, Support and Shared Responsibility In April 2026, the companies amended the agreement, replacing its floating interest rate with a fixed rate. Riot Expands Data Center Operations Riot continues expanding its data-center business alongside Bitcoin mining. In August, the company announced a 20-year lease covering 191 megawatts at its Rockdale campus. The agreement with an unnamed artificial intelligence developer is expected to generate









