Riot Repays $200M Coinbase Credit Loan and Ends Bitcoin-Backed Facility
Riot Platforms repaid a $200 million Coinbase Credit facility, terminated the Bitcoin-backed loan, and had collateral released, according to an SEC filing. The filing said Riot paid remaining principal and interest without early termination fees or penalties. Riot is expanding into data centers and has a 20-year deal to supply 191 megawatts from its Rockdale, Texas, campus to Anthropic, valued at about $9 billion; Q1 2026 revenue was $167.2 million, including $33.2 million from data centers.
Riot Platforms has closed out a $200 million credit arrangement with Coinbase Credit. The company said it settled remaining principal and interest on Monday, with the SEC filing becoming public Friday. Because it prepaid and terminated the facility, Riot reported no early termination charges or penalties.
The collateral—Bitcoin, USDC, and cash held by Coinbase Custody Trust Company—was released. Riot is also moving beyond mining: it has a 20-year deal to provide Anthropic with 191 megawatts from Rockdale, Texas, valued near $9 billion. Q1 2026 revenue was $167.2 million, including $33.2 million from data centers.
Riot’s repayment could reduce balance-sheet risk tied to crypto collateral, potentially affecting shareholders, Coinbase, and lenders to digital-asset firms. The released Bitcoin, USDC, and cash may give Riot more flexibility. Its data-center deal with Anthropic may signal miners shifting toward AI infrastructure, which could influence electricity demand, grid planning, and local economic activity around Rockdale, Texas. Investors may weigh whether such diversification stabilizes revenue, while communities may consider the tradeoffs of large-scale computing facilities.