Riot Platforms Leverages Bitcoin for $100M Coinbase Credit Line.

Riot Platforms, a publicly traded Bitcoin mining company, has secured a $100 million credit line from Coinbase's lending arm, Coinbase Credit.

This short-term loan, repayable within 364 days, is collateralized by a portion of Riot's substantial Bitcoin holdings (currently over 19,000 BTC). The interest rate is a minimum of 7.75% annually.

The funds will be used for strategic initiatives and general corporate purposes, allowing Riot to pursue expansion without diluting shareholder ownership through equity issuance. Riot plans to draw down the full amount within the next two months. This deal follows a similar agreement Coinbase recently made with Semler Scientific, highlighting Coinbase's growing role in Bitcoin-backed lending. The arrangement provides Riot with flexible financing while leveraging its Bitcoin reserves.