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TechFlow, April 23 — According to Bloomberg, Bitcoin mining company Riot Platforms Inc. has entered into a $100 million credit facility agreement with a subsidiary of U.S. cryptocurrency exchange Coinbase Global Inc. As stated in the company's Wednesday announcement, the credit line will be secured by a portion of Riot's held Bitcoin and will allow the mining firm to make multiple drawdowns.
According to Bloomberg, bitcoin mining company Riot Platforms Inc. has entered into a $100 million credit facility agreement with a subsidiary of U.S. cryptocurrency exchange Coinbase Global Inc. As stated in a company announcement on Wednesday, the credit facility will be collateralized by a portion of Riot's held bitcoin and will allow the mining firm to make multiple drawdowns.
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