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FIGR_HELOC $1.06Riot Platforms repays $200M credit facility and frees collateral
Riot Platforms repaid a $200 million credit facility from Coinbase Credit, freeing collateral that included Bitcoin, USDC and cash.
The short answer
Riot Platforms repaid and terminated its $200 million credit facility with Coinbase Credit, releasing collateral that included Bitcoin, USDC and cash held by Coinbase Custody Trust Company. The miner paid the remaining principal and interest on Monday, per a Friday SEC filing, and incurred no early termination fees or penalties. The payoff removes a lender claim on its assets and shifts its funding mix toward equity and reserves.
What happened
Riot Platforms repaid and terminated its $200 million secured credit agreement with Coinbase Credit this week, releasing the collateral behind the loan. The facility had allowed the Bitcoin miner to borrow up to $200 million.
The loan was backed by a pledge of Riot's financial assets, including Bitcoin, USDC and cash. Those assets sat in the custody of Coinbase Custody Trust Company, and the payoff means they are now free of any lender claim.
Riot finished paying the remaining principal and interest on Monday, according to a Friday filing with the US Securities and Exchange Commission. The company incurred no early termination fees or penalties in connection with the prepayment or termination.
Why it matters
Clearing the facility simplifies Riot's capital structure and removes any lender claim on its digital assets and cash. That shifts the company's funding mix further toward equity and internally held reserves rather than secured debt, a cleaner balance sheet at least on paper.
The repayment does not settle every question about Riot's finances. The company has been flagged as having less than a year of cash runway, and this move does not directly address that.
With the Coinbase facility gone, Riot has more flexibility, but also fewer immediate borrowing options in place. Investors will likely be watching the next earnings call, where any update on new credit lines, equity raises or project financing for the data center buildout would fill in the gaps left by this filing.
What the data shows
RIOT stock dipped 2% on the news, moving alongside a 2% pullback in Bitcoin.
Riot posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million of that total.
The August data center agreement covers 191 megawatts of capacity from the Rockdale, Texas campus over 20 years. Bloomberg reported that the customer was Anthropic and that the deal was valued at about $9 billion.
Background
Riot has continued to expand its data-center business alongside mining. In August the miner signed a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas campus to a "leading frontier AI" company, later identified as Anthropic.
The data center push is already showing up in the numbers, and the split between mining and data centers is shifting. Mining still makes up the bulk of revenue, according to CoinCentral.
What is still unclear
- Riot has not detailed exactly how it will fund the next phase of its data center expansion.
- The filing is limited to the mechanics of the payoff and included no forward guidance or new financing plans.
Questions readers ask
How much did Riot Platforms repay to Coinbase Credit?
Riot repaid a $200 million credit facility from Coinbase Credit and terminated the agreement. The facility had allowed the company to borrow up to $200 million.
What collateral did Riot get back?
The facility was secured by a pledge of Riot's financial assets, including Bitcoin, USDC and cash, held in the custody of Coinbase Custody Trust Company. With the loan cleared, that collateral is now free.
Did Riot pay a penalty for repaying early?
No. The company incurred no early termination fees or penalties in connection with the prepayment or termination, according to its filing with the US Securities and Exchange Commission.
How did RIOT stock react to the repayment news?
RIOT stock dipped 2% on the news, moving alongside a 2% pullback in Bitcoin, according to CoinCentral.
Sources
- 1 CointelegraphRiot Platforms repays $200M credit facility, releases collateral · 27 Sep, 09:57 UTC
- 2 Bitcoin.com NewsRiot Repays Coinbase Loan, Ends $200 Million Bitcoin-Backed Facility · 27 Sep, 10:30 UTC
- 3 CoinCentralRiot Platforms (RIOT) Stock: Miner Repays $200M Coinbase Credit Facility · 28 Sep, 07:42 UTC
- 4 BlockonomiRiot Platforms (RIOT) Stock: Bitcoin Miner Settles $200M Coinbase Loan Ahead of AI Expansi... · 28 Sep, 07:49 UTC
