Riot Platforms has fully repaid and terminated its secured credit facility with Coinbase Credit, removing a financing arrangement that had made as much as $200 million available to the Bitcoin miner and data-center operator.
According to Riot’s September 25 regulatory disclosure, the company completed the voluntary prepayment on September 21, paying the outstanding principal and accrued interest. The repayment satisfied Riot’s obligations under the Second Amended and Restated Credit Agreement and terminated Coinbase Credit’s commitment to make additional loans under the facility.
Bitcoin collateral is released
The facility was secured by Riot financial assets held with Coinbase Custody Trust Company, including Bitcoin, USDC and cash. With the loan repaid, the lender’s security interests in that collateral were released. Riot also reported that it incurred no early-termination fee or penalty.
The financing traces back to a $100 million Coinbase facility announced in April 2025 and expanded to $200 million the following month. Riot said at the time that the capital could support strategic initiatives and general corporate purposes. In April 2026, the agreement was amended again, extending maturity to April 20, 2027 and setting a fixed annual interest rate of 6.15%.
Why it matters for mining infrastructure
For a large Bitcoin miner, financing is closely connected to physical infrastructure. Riot has continued investing in power capacity, mining systems and data-center development while operating large-scale facilities in Texas and Kentucky. Its second-quarter 2026 results reported 42.5 EH/s of deployed mining capacity at quarter end, alongside a growing data-center business.
Riot reported more than $1.2 billion of liquid assets at the end of the second quarter, including 11,380 BTC and $548.9 million in cash, although portions of both were restricted or pledged at that point. Paying off the Coinbase facility removes one specific secured borrowing arrangement and releases the collateral associated with it. That is a concrete balance-sheet change, although the filing itself does not say that the released assets will be redirected to a particular new mining or data-center project.
For miners competing in an increasingly capital-intensive infrastructure market, the development is also a reminder that ASIC fleets are only one part of the equation. Access to power, substations, cooling, buildings and financing can determine how quickly additional hashrate or other high-density compute capacity reaches production.
Corsicana shows the physical side of Riot’s strategy
Riot’s Corsicana, Texas campus illustrates the scale behind those capital decisions. The company has previously documented 100 MW mining buildings, immersion-cooling tanks and MicroBT mining hardware at the site. The video below is Riot’s own look at that infrastructure.
Sources
- Riot Platforms: $200 million Coinbase facility announcement
- Riot Platforms: Q2 2026 results and infrastructure update
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