Riot Platforms Repays $200 Million Coinbase Bitcoin-Backed Credit Facility

Riot Platforms has repaid and terminated its $200 million bitcoin-backed credit facility with Coinbase Credit, according to an SEC filing, releasing the digital assets it had pledged as collateral.

The Nasdaq-listed bitcoin miner completed the full voluntary prepayment of all outstanding principal on September 21 and disclosed the transaction in a Form 8-K filed on September 25.

The filing states that all obligations under the credit agreement were satisfied and discharged, and the agreement was terminated. The prepayment closed out a secured borrowing arrangement that Riot had used to raise capital while pledging its bitcoin and other digital assets.

How the facility was structured The terminated facility was governed by the Second Amended and Restated Credit Agreement dated April 21, 2026, between Riot as borrower and Coinbase Credit, Inc. as lender, collateral agent and administrative agent.