Riot Platforms Settles $200M Coinbase Credit Line, Frees Up Pledged Assets

Riot Platforms Settles $200M Coinbase Credit Line, Frees Up Pledged Assets

Cryptocurrency mining company Riot Platforms has fully settled its $200 million borrowing arrangement with Coinbase Credit, freeing up pledged assets including Bitcoin, USDC stablecoin and cash reserves.

Cryptocurrency mining operation Riot Platforms completed repayment of its $200 million borrowing arrangement with Coinbase Credit earlier this week, successfully releasing the assets that had been pledged as security.

The borrowing arrangement had been backed by a commitment of Riot's various financial holdings, which included Bitcoin, USDC and cash reserves, all of which remained under the custodianship of Coinbase Custody Trust Company throughout the duration of the facility.

The mining company completed payment of the outstanding principal balance along with accumulated interest this past Monday, as disclosed in a regulatory filing submitted Friday to the US Securities and Exchange Commission.

Riot did not face any early termination charges or penalty fees as a result of the advance repayment or the termination of the credit arrangement.

The mining operation has simultaneously pursued expansion of its data-center operations, as previously covered by Cointelegraph in August, when Riot Platforms finalized a 20-year contract to deliver 191 megawatts of capacity from its campus located in Rockdale, Texas, to a "leading frontier AI" company.

Bloomberg later identified the customer as Anthropic and reported the transaction was worth approximately $9 billion, according to sources with knowledge of the arrangement.

In May, Cointelegraph provided coverage that Riot Platforms generated $167.2 million in revenue during the first quarter of 2026, with its recently introduced data center business accounting for $33.2 million of that total.