Riot Platforms Pays Off $200 Million Credit Facility, Frees Up Collateral

Bitcoin mining company Riot Platforms has fully repaid a $200 million credit facility provided by Coinbase Credit, releasing collateral that had been pledged against the loan. The facility was secured using a combination of Riot’s financial assets, including Bitcoin holdings, USDC and cash, which had been held in custody through Coinbase Custody Trust Company. According to a regulatory filing, the company completed payment of the remaining principal and interest earlier this week, with no early termination fees or penalties incurred.

Data Center Business Continues Expanding

The debt repayment comes as Riot continues growing its data-center operations alongside its core mining business. The company previously secured a 20-year agreement to supply power capacity from its Rockdale, Texas facility to a major artificial intelligence company, a deal reportedly valued at approximately $9 billion. Riot’s data center segment has already begun contributing meaningfully to overall revenue, generating over $33 million in its first quarter of operation.

The combination of debt reduction and diversified revenue streams reflects Riot’s broader strategy of balancing its traditional mining operations with expansion into infrastructure services for computing-intensive industries.