Riot Repays $200 Million Loan

Riot repays $200 million loan

The Bitcoin miner has continued to expand its data-center business as well.

Riot Platforms repays $200M credit facility, releases collateral

The Bitcoin miner has continued to expand its data-center business as well. Bitcoin miner Riot Platforms this week repaid a $200 million credit facility from Coinbase Credit, releasing its collateral. The facility had been secured by a pledge of Riot’s financial assets, including Bitcoin, USDC and cash, which was held in the custody of Coinbase […]

Riot Repays Coinbase Loan, Ends $200 Million Bitcoin-Backed Facility - Invest In Crypto News

This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The bitcoin miner and data center developer completed the voluntary repayment on Sept. 21, according to a Friday filing with the SEC. Riot paid […]

Riot Repays Coinbase Loan, Ends $200 Million Bitcoin-Backed Facility

Riot Platforms (NASDAQ: RIOT) has repaid its outstanding borrowing from Coinbase Credit and terminated a $200 million credit facility, releasing the lender’s claims on the bitcoin assets pledged to secure the debt. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides […]

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

Riot Platforms voluntarily repaid its $200M Coinbase Credit facility early, releasing 5,821 BTC worth $340.7M while expanding its AI data-center

Riot Clears $200M Coinbase Loan, Frees $341M in Bitcoin Collateral

Riot Platforms has repaid a $200 million Bitcoin-backed credit facility from Coinbase Credit, ending a financing arrangement secured by part of the miner’s cryptocurrency holdings. Riot paid the remaining principal and accrued interest on Sept. 21, according to a Sept. 25 filing with the US Securities and Exchange Commission. The company did not pay an […] Read The Full Article Riot Clears $200M Coinbase Loan, Frees $341M in Bitcoin Collateral O…