Riot Platforms repays $200m Coinbase credit facility
The Bitcoin miner cleared the loan and freed collateral held in Coinbase custody, while continuing to build out its data-centre business.
Key points
- Riot Platforms repaid a $200 million credit facility from Coinbase Credit
- Collateral included Bitcoin, USDC and cash held by Coinbase Custody Trust Company
- The remaining principal and interest were paid on Monday, per a Friday SEC filing
- No early termination fees or penalties were incurred
- Riot signed a 20-year deal for 191 megawatts at its Rockdale, Texas campus, later reported to be with Anthropic at about $9 billion
Riot Platforms has repaid a $200 million credit facility from Coinbase Credit, releasing the collateral that backed the loan, Cointelegraph reports. The Bitcoin miner finished paying the remaining principal and interest on Monday, according to a Friday filing with the US Securities and Exchange Commission.
The facility had been secured by a pledge of Riot's financial assets, including Bitcoin, USDC and cash. Those assets were held in the custody of Coinbase Custody Trust Company. With the loan cleared, that collateral is no longer tied up.
Loan repaid and collateral freed
The filing also stated that Riot incurred no early termination fees or penalties in connection with the prepayment or the termination of the facility. The company did not disclose further terms of the arrangement in the reported details.
The repayment comes as Riot continues to expand its data-centre business alongside its Bitcoin mining operations. In August, Cointelegraph reported that Riot secured a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas campus to what it described as a leading frontier AI company.
Data centre expansion continues
Bloomberg later reported that the customer was Anthropic and that the deal was valued at about $9 billion, citing people familiar with the matter. Neither figure was confirmed by Riot in the article.
Riot's data-centre push is already showing up in its results. Cointelegraph reported in May that the company posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data centre business contributing $33.2 million.
Revenue and market context
For a miner, clearing a credit facility and recovering pledged Bitcoin and stablecoins reduces balance-sheet encumbrance at a time when operators are diversifying beyond mining. Riot's dual focus on mining and data-centre capacity is central to how the company now presents its business.
The article also notes that the crypto treasury model is losing its edge as stock premiums fade, according to DWF, and that institutions held crypto through a 50% drawdown, per Bitwise. Those items appeared alongside the Riot report as related coverage.