Riot Platforms repays $200M credit facility, releases collateral – CurrencyCrypt

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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 Custody Trust Company.

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Riot finished paying the remaining principal and interest on Monday, according to a Friday filing with the US Securities and Exchange Commission.

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