Riot Platforms repays $200 million credit facility, releases 5,821 BTC from collateral

Riot Platforms has completed a voluntary early repayment of its $200 million secured credit facility with Coinbase Credit on September 21, 2026, seven months ahead of schedule. The payoff releases 5,821 Bitcoin, valued at $340.7 million in June, alongside USDC and cash from collateral. This leaves Riot Platforms' total treasury of 11,380 Bitcoin fully unencumbered. Meanwhile, the company continues to expand its Rockdale, Texas data center business, including a $9 billion lease with Anthropic.

Riot $200M debt repayment

• ▪Riot Platforms completed a voluntary early repayment of its $200 million secured credit facility with Coinbase Credit on September 21, 2026
• ▪Riot Platforms terminated its $200 million credit agreement with Coinbase Credit approximately seven months before its April 2027 maturity date, incurring no early termination fees or penalties
• ▪Riot Platforms' credit facility with Coinbase Credit was originally established in April 2025 as a $100 million loan, upsized to $200 million in May 2025, and amended in April 2026 to lock in a fixed annual interest rate of 6.15%
• ▪Riot Platforms disclosed the final payment of the remaining principal and interest on its credit facility with Coinbase Credit in a filing with the U.S. Securities and Exchange Commission on September 25, 2026

Bitcoin collateral release

• ▪Riot Platforms' early repayment of its $200 million credit facility with Coinbase Credit released approximately 5,821 Bitcoin, valued at around $340.7 million as of June 30, 2026, from collateral
• ▪The collateral released after Riot Platforms' Coinbase Credit facility repayment included USDC and cash held in the custody of Coinbase Custody Trust Company

Riot treasury holdings

• ▪Riot Platforms reported total liquidity exceeding $1.2 billion as of the second quarter of 2026
• ▪The 5,821 Bitcoin released from collateral represented approximately 51% of Riot Platforms' total Bitcoin holdings of 11,380 Bitcoin as of June 30, 2026

Texas data center leases

• ▪Riot Platforms posted $167.2 million in revenue for the first quarter of 2026, with its newly launched Rockdale, Texas data center business contributing $33.2 million
• ▪Riot Platforms has expanded its Rockdale, Texas data center facilities, securing a 50-megawatt deal with AMD and a 20-year, 191-megawatt lease with Anthropic

Debatable claims

• ▪Riot Platforms' early debt repayment is a prudent reduction of financial risk
• ▪Riot Platforms should prioritize holding unencumbered Bitcoin over leveraging it
• ▪Riot Platforms' pivot to AI data centers is more reliable than Bitcoin mining