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← Riot Platforms
Fri, Apr 25, 2025

Riot enters $100 million bitcoin-backed Coinbase credit facility

Source document ↗

Key points

  • Credit agreement with Coinbase Credit for a secured term loan facility of up to $100 million
  • Up to three drawdowns; matures 364 days from agreement date, extendable by a further 364 days
  • Floating rate: greater of federal funds rate (upper limit) or 3.25%, plus 4.50% margin
  • Secured by bitcoin, USDC and cash held at Coinbase Custody Trust Company