Riot Platforms Repays $200M Credit Facility, Releases Collateral

Riot Platforms Repays $200M Credit Facility, Releases Collateral

The bitcoin miner also continues to expand its data-center business.

Bitcoin miner Riot Platform paid off a $200 million credit facility from Coinbase Credit this week, revealing its collateral.

The facility was secured by a pledge of Riot’s financial assets, including Bitcoin, USDC and cash, which were held in the custody of the Coinbase Custody Trust Company.

Riot finished paying the remaining principal and interest on Monday, according to Friday Filing With the US Securities and Exchange Commission.

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