← Riot Platforms · FinancingEdit
Senior secured delayed-draw term loan (Riot DC Logistics, LLC)
Aug 10, 2026 · ClosedTerms of issuance
Instrument
Term loan / DDTL
Principal
$573.0M
Net proceeds
Drawn (of commitment)
not recorded
Issue date
Aug 10, 2026
Maturity
Oct 15, 2026 (0.2 years)
Seniority
Conversion ratio
n/a
Settlement
n/a
Economic analysis
Effective annual cost
n/acalculated: coupon + capped-call cost amortized over the note's life — needs coupon, maturity, and (if hedged) capped-call cost
Interest savings vs. plain debt
n/anot shown — would require an assumed comparable straight-debt rate, which we do not fabricate
Implied option value / volatility
n/anot shown — would require an assumed volatility input, which we do not fabricate
Breakeven
n/anot shown — would require assumed reinvestment/discount-rate assumptions, which we do not fabricate
Context
Shares outstanding (as of issue date)
375,258,935
Stock price / market cap (as of issue date)
$19.4 · $6.75 mkt cap
Use of proceeds
Fund long-lead equipment and project costs for the 191MW data center expansion at Rockdale
Other financing outstanding (excl. this instrument)
0.75% Convertible Senior Notes due 2030 ($594.4M), 2025 ATM program (2025 Sales Agreement, up to $500 million) ($500.0M), Coinbase Credit bitcoin-backed term loan facility (second A&R) ($200.0M)
— of which existing debt
$1.29B
Existing cash
n/anot tracked in the system yet
Anti-dilution adjustment terms
n/a
Related acquisition
none
Related deal
Related site
Sources
ClosedRiot DC Logistics closes $573 million interim credit facility for Rockdale AI lease build-out
Aug 10, 2026