Riot Platforms fully repays a $200 million credit facility and releases 5,821 BTC from collateral, signaling strengthened liquidity and financial position.
Riot Platforms completed a voluntary early repayment of its $200 million secured credit facility with Coinbase Credit on September 21, eliminating the debt roughly seven months before the agreement's April 2027 maturity date. The payoff released approximately 5,821 BTC from collateral, valued at around $340.7 million as of the end of June, along with USDC and cash held at Coinbase Custody. No early termination fees or penalties were incurred.
The company originally struck the deal with Coinbase Credit in April 2025 as a $100 million Bitcoin-backed loan, then upsized the facility to $200 million just one month later in May 2025. An April 2026 amendment locked in a fixed annual interest rate of 6.15 percent. The 5,821 BTC that served as collateral represented approximately 51 percent of Riot's total Bitcoin holdings, which stood at 11,380 BTC as of June 30, 2026. Riot reported liquidity exceeding $1.2 billion as of Q2 2026.
Riot has been expanding its facilities in Rockdale, Texas, with long-term leases signaling an accelerating pivot toward data-center operations. The company has secured a 50 MW agreement with AMD and a 191 MW, 20-year lease with what is described as a leading AI laboratory. Market speculation points to Anthropic as the tenant, though that has not been officially confirmed. Combined, these data-center agreements are projected to generate approximately $9.1 billion in revenue over their lifespans.
Freeing up 5,821 BTC from collateral gives Riot significantly more flexibility with its Bitcoin holdings. With those coins now in Riot's direct custody, the company can hold them as a pure treasury asset, deploy them in future financing arrangements if needed, or sell portions to fund capital expenditure. Riot's total holdings of 11,380 BTC, now fully unencumbered, represent one of the larger corporate Bitcoin treasuries among publicly traded miners.