Riot Platforms repays $200M credit facility and releases collateral
Bitcoin miner Riot Platforms has fully repaid a $200 million credit facility obtained from Coinbase Credit, releasing its collateral consisting of financial assets including Bitcoin, USDC, and cash. The repayment of principal and interest was completed in 2026 without early termination fees or penalties. Additionally, Riot is expanding its data center business, securing a substantial 20-year contract to supply up to 191 megawatts of capacity from its Texas campus to Anthropic, a leading AI company, with the deal valued at about $9 billion.
Credit Facility Repayment and Collateral Release
According to a filing with the US Securities and Exchange Commission (SEC), Riot Platforms completed repayment of its $200 million credit facility obtained from Coinbase Credit this year. The loan was secured by the company’s financial assets including Bitcoin, USDC, and cash, which were held by Coinbase Custody Trust Company. Riot incurred no early termination fees or penalties upon repayment and facility closure.
Data Center Expansion and Major Contract with Anthropic
Beyond mining operations, Riot Platforms has been actively growing its data center business. In August, Riot signed a 20-year agreement to supply up to 191 megawatts of capacity from its Rockdale, Texas campus to a leading frontier AI company, Anthropic. Bloomberg sources later estimated the deal’s value at about $9 billion. In the first quarter of 2026, Riot reported $167.2 million in revenue, with $33.2 million contributed by the newly launched data center business, illustrating an ongoing diversification of revenue streams.
Why it matters
The repayment of the substantial $200 million loan without penalties underscores Riot Platforms’ financial stability and strengthens investor confidence. Releasing the Bitcoin and other financial assets from collateral frees up capital management options for the company. Simultaneously, the significant long-term contract with Anthropic for data center capacity marks a strategic expansion into advanced technology sectors, potentially benefiting Riot’s future prospects and influencing the broader mining and data processing industry.
Prepared from the source material with AI-assisted editing and checked against the supplied facts.
Open original source ↗