Riot Platforms Repays $200M Coinbase Credit, Frees 5,821 BTC
In brief
- Riot repaid $200M Coinbase Credit facility seven months early without penalties
- Repayment released 5,821 BTC from collateral, representing 51% of Riot's holdings
- Unencumbered Bitcoin now available for treasury, financing, or capital expenditure
- Riot secured 191 MW, 20-year data-center lease projected at $9.1B revenue
- Total corporate Bitcoin treasury of 11,380 BTC now fully unencumbered
Bitcoin collateral now fully unencumbered
The 5,821 BTC that served as collateral represented about 51% of Riot's total Bitcoin holdings, which stood at 11,380 BTC as of June 30, 2026. With those coins back in Riot's direct custody, the company can hold them as a pure treasury asset, deploy them in future financing, or sell portions to fund capital expenditure. That flexibility matters in a capital-intensive mining operation.
Riot originally struck the deal with Coinbase Credit in April 2025 as a $100 million Bitcoin-backed loan. Just one month later, in May 2025, the company upsized it to $200 million. An amendment in April 2026 locked in a fixed annual interest rate of 6.15%.
Repaying early required no penalties. That's a clean exit from the facility.
Data-center revenue and liquidity position
Riot's balance sheet is already strong. The company reported liquidity exceeding $1.2 billion as of Q2 2026, and the freed Bitcoin adds to that cushion. More importantly, the company is positioning itself for significant revenue growth through infrastructure deals.
Riot has locked in a 50 MW deal with AMD and a 191 MW, 20-year lease with what's described as a leading AI lab. Market speculation points to Anthropic as the tenant, though that hasn't been officially confirmed. Combined, these data-center agreements are projected to generate approximately $9.1 billion in revenue over their lifespans.
With debt retired and major capacity agreements in place, Riot's unencumbered Bitcoin treasury now sits as a strategic asset. Riot's total holdings of 11,380 BTC, now fully unencumbered, represent one of the larger corporate Bitcoin treasuries among publicly traded miners.
