USDC
−0.0%Riot Platforms fully repays $200M Coinbase Bitcoin credit line
Image: Crypto.newsRiot Platforms has fully repaid and closed its $200 million Bitcoin-backed credit line from Coinbase Credit, per a U.S. SEC Form 8-K filing. The loan was secured by 5,821 BTC, roughly 51% of Riot's total Bitcoin reserves as of June 30. Riot voluntarily prepaid all outstanding principal and accrued interest to settle the facility, releasing the pledged collateral.
Key points
- Riot Platforms fully repaid and closed its $200 million Coinbase Credit Bitcoin-backed credit line.
- The credit line was secured by 5,821 BTC, roughly 51% of Riot's June 30 Bitcoin reserves.
- Riot voluntarily prepaid all outstanding principal and accrued interest to settle the facility.
- The repayment releases Riot's pledged Bitcoin, USDC and cash collateral held with Coinbase Custody.
Why it matters
The repayment frees Riot's 5,821 BTC collateral for other use, and reflects ongoing use of crypto-backed credit facilities by Bitcoin mining firms.
What's unclear
Reports conflict on Riot's Q1 2026 data center revenue, with one citing $33.2 million and the other $23.2 million.
Price context · BTC
At publication
$83,770.00
Now
$83,714.00
Change since
−0.07%
7 days · dashed line = publication
Sources · 2 publishers
Blockonomi
Tier 3
Bitcoin Miner Riot Platforms Pays Off Coinbase Loan, Frees 5,821 BTC Collateral
Coverage timeline
- First reported by Crypto.news
- Confirmed by Blockonomi
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
