Riot Platforms repays $200 million Coinbase Credit facility

Riot Platforms repaid a $200 million credit facility from Coinbase Credit and released its collateral. The facility was secured by Riot Platforms' financial assets, including Bitcoin, USDC and cash. Coinbase Custody Trust Company held the collateral. A Friday filing with the US Securities and Exchange Commission said Riot Platforms finished paying the remaining principal and interest on Monday. Riot Platforms incurred no early termination fees or penalties. Riot Platforms also secured a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas, campus to a leading frontier artificial intelligence company. The customer was Anthropic. Bloomberg subsequently reported that the deal was valued at about $9 billion, citing people familiar with the matter. Riot Platforms posted $167.2 million in revenue for the first quarter of 2026. Its newly launched data center business contributed $33.2 million.