Riot Platforms repays $200M credit facility, releases collateral

Riot Platforms this week paid off a $200 million credit facility provided by Coinbase Credit, according to a filing the company made with the U.S. Securities and Exchange Commission. The loan had been secured by a pledge of Riot’s financial holdings, specifically Bitcoin, USDC and cash, which were held in custody by Coinbase Custody Trust Company. Riot said it completed payment of remaining principal and interest on Monday and that the prepayment and termination of the facility did not result in any early termination fees or penalties.

By repaying the credit line, Riot has had the pledged collateral released from the custody arrangement. The filing did not disclose further terms of the original loan beyond the collateral description and the repayment timing. Riot’s disclosure aligns with prior reporting by Cointelegraph on the matter.

The financing update arrives as Riot continues to grow its data-center operations. In August, Cointelegraph reported that Riot secured a 20-year arrangement to supply 191 megawatts of capacity from its Rockdale, Texas campus to a "leading frontier AI" company; Bloomberg later identified the customer as Anthropic and reported the deal was valued at about $9 billion, citing people familiar with the transaction.

Riot has also shown revenue contribution from its data-center business: Cointelegraph reported in May that Riot posted $167.2 million in revenue for the first quarter of 2026, with $33.2 million attributed to the newly launched data-center segment. The repayment of the Coinbase-linked facility reduces encumbrances on assets while the company expands its non-mining revenue streams.