Riot Platforms Pays Off Coinbase Loan, Terminates $200 Million Bitcoin-Collateralized Credit Line

TechFlow reports that on September 26, according to TheEnergyMag, Riot Platforms has repaid the entire outstanding principal and accrued interest on its Coinbase Credit, terminated the $200 million credit facility with no early termination fees incurred, and the related security interests were released simultaneously. As of June 30, the company had pledged 5,821 Bitcoin, then valued at approximately $340.7 million. The loan carried a fixed annual interest rate of 6.15% and was originally scheduled to mature in April 2027. Riot is simultaneously expanding its data center business, having previously signed a 20-year, 191-megawatt computing capacity lease agreement with an AI developer.