Riot Platforms repays $200M credit facility, releases 5,821 BTC from collateral

Riot Platforms repays $200M credit facility, releases 5,821 BTC from collateral

The Bitcoin miner paid off its Coinbase Credit loan seven months early, freeing up roughly $340.7M in Bitcoin while pivoting hard toward data-center revenue.

Share

Add us on Google
by John Chen

Riot Platforms just wiped $200 million in debt off its books and got more than 5,800 Bitcoin back in the process. The company completed a voluntary early repayment of its secured credit facility with Coinbase Credit on September 21, terminating the agreement roughly seven months before its April 2027 maturity date.

The payoff released approximately 5,821 BTC, valued at around $340.7 million as of the end of June, along with USDC and cash held at Coinbase Custody. No early termination fees or penalties were incurred.

From $100M to $200M and back to zero

Riot originally struck the deal with Coinbase Credit in April 2025 as a $100 million Bitcoin-backed loan. Just one month later, in May 2025, the company upsized the facility to $200 million. An amendment in April 2026 locked in a fixed annual interest rate of 6.15%.

Advertisement

The 5,821 BTC that served as collateral represented about 51% of Riot’s total Bitcoin holdings, which stood at 11,380 BTC as of June 30, 2026. Riot reported liquidity exceeding $1.2 billion as of Q2 2026.

The data-center pivot picks up speed

Riot has been expanding its facilities in Rockdale, Texas, signing long-term leases. The company has locked in a 50 MW deal with AMD and a 191 MW, 20-year lease with what’s described as a leading AI lab. Market speculation points to Anthropic as the tenant, though that hasn’t been officially confirmed.

Combined, these data-center agreements are projected to generate approximately $9.1 billion in revenue over their lifespans.

What the collateral release means for Riot’s Bitcoin strategy

Freeing up 5,821 BTC gives Riot significantly more flexibility with its Bitcoin holdings. With those coins back in Riot’s direct custody, the company can hold them as a pure treasury asset, deploy them in future financing if needed, or sell portions to fund capital expenditure.

Riot’s total holdings of 11,380 BTC, now fully unencumbered, represent one of the larger corporate Bitcoin treasuries among publicly traded miners.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
TECHNOLOGY
Riot Platforms repays $200M credit facility, releases 5,821 BTC from collateral
Riot Platforms repays $200M credit facility, releases 5,821 BTC from collateral

The Bitcoin miner paid off its Coinbase Credit loan seven months early, freeing up roughly $340.7M in Bitcoin while pivoting hard toward data-center revenue.

by John Chen

Share

Add us on Google

Riot Platforms just wiped $200 million in debt off its books and got more than 5,800 Bitcoin back in the process. The company completed a voluntary early repayment of its secured credit facility with Coinbase Credit on September 21, terminating the agreement roughly seven months before its April 2027 maturity date.

The payoff released approximately 5,821 BTC, valued at around $340.7 million as of the end of June, along with USDC and cash held at Coinbase Custody. No early termination fees or penalties were incurred.

From $100M to $200M and back to zero

Riot originally struck the deal with Coinbase Credit in April 2025 as a $100 million Bitcoin-backed loan. Just one month later, in May 2025, the company upsized the facility to $200 million. An amendment in April 2026 locked in a fixed annual interest rate of 6.15%.

Advertisement

The 5,821 BTC that served as collateral represented about 51% of Riot’s total Bitcoin holdings, which stood at 11,380 BTC as of June 30, 2026. Riot reported liquidity exceeding $1.2 billion as of Q2 2026.

The data-center pivot picks up speed

Riot has been expanding its facilities in Rockdale, Texas, signing long-term leases. The company has locked in a 50 MW deal with AMD and a 191 MW, 20-year lease with what’s described as a leading AI lab. Market speculation points to Anthropic as the tenant, though that hasn’t been officially confirmed.

Combined, these data-center agreements are projected to generate approximately $9.1 billion in revenue over their lifespans.

What the collateral release means for Riot’s Bitcoin strategy

Freeing up 5,821 BTC gives Riot significantly more flexibility with its Bitcoin holdings. With those coins back in Riot’s direct custody, the company can hold them as a pure treasury asset, deploy them in future financing if needed, or sell portions to fund capital expenditure.

Riot’s total holdings of 11,380 BTC, now fully unencumbered, represent one of the larger corporate Bitcoin treasuries among publicly traded miners.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.