Riot Platforms Fully Repays Coinbase $200 Million Bitcoin-Backed Credit Line
JH Kim
Summary
- Riot Platforms said it fully repaid its $200 million Bitcoin (BTC)-backed credit facility from Coinbase Credit and terminated the agreement.
- The company said it repaid the loan principal and all accrued interest on the credit line, which carried an annual 6.15% interest rate, on Sept. 21, and that no early termination fee was charged.
- Riot said it had pledged 5,821 BTC as collateral out of 11,380 BTC, with the collateral valued at about $340.7 million, and that the related lien was released after the loan was repaid.
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Riot Platforms, a U.S. cryptocurrency mining company, has fully repaid its $200 million Bitcoin-backed credit facility from Coinbase Credit and terminated the agreement.
According to crypto-focused media outlet Bitcoin News on Sept. 29, Riot repaid the loan principal and all accrued interest on Sept. 21. No early termination fee was charged.
Riot had been paying an annual interest rate of 6.15% since amending its credit facility agreement with Coinbase Credit in April 2025.
As of June 30, Riot had pledged 5,821 BTC as collateral out of its 11,380 BTC holdings. The collateral was worth about $340.7 million at the time, and the related lien was released after the loan was repaid.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.