Riot Platforms Extends Credit Facility with Fixed Rate Loan

Riot Platforms, Inc., a cryptocurrency-focused company operating in the digital asset and bitcoin ecosystem, has announced an extension of its credit facility with Coinbase Credit, Inc.

The new agreement replaces the previous 2025 facility and provides a secured term loan of up to $200 million at a fixed interest rate. This shift from a floating to a fixed rate offers greater stability for Riot Platforms' liquidity planning and balance sheet flexibility.

The revised credit agreement also extends the original maturity by 364 days, with an option for a further 364-day extension subject to lender consent. The loan remains secured by Riot's bitcoin, USDC, and cash held with Coinbase Custody, maintaining significant exposure of its digital assets as collateral.