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

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%. 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...