Riot Platforms repays $200M Coinbase credit facility and releases collateral

Riot Platforms fully prepaid the outstanding principal under its secured credit facility with Coinbase Credit on September 21, 2026. The facility had aggregate borrowing capacity of up to $200 million.

The repayment discharged Riot’s outstanding obligations under the facility and terminated the credit agreement. Coinbase’s security interests in the pledged collateral were also released.

The pledged financial assets included bitcoin, USDC and cash held with Coinbase Custody Trust Company. Riot said it did not incur early-termination fees or penalties in connection with the repayment and termination.

Facility repayment ends Coinbase Credit agreement

Riot’s voluntary prepayment brought its secured credit facility with Coinbase Credit to an end. The company reported that all outstanding obligations under the agreement were discharged following the repayment.

The termination means the facility is no longer available to Riot under its prior terms. The filing does not establish a replacement financing arrangement or set out how Riot intends to use the released assets.

• Full voluntary prepayment was completed on September 21, 2026.
• The facility provided for aggregate borrowings of up to $200 million.
• Riot reported no early-termination fees or penalties.

Bitcoin, USDC and cash collateral released

The facility was secured by financial assets that included bitcoin, USDC and cash held with Coinbase Custody Trust Company. After the repayment, Coinbase’s security interests in that pledged collateral were released.

The release removes the lender’s claim over the assets that had secured the facility. It does not, by itself, indicate a change in Riot’s bitcoin holdings, cash balance or future capital-allocation plans.

USDC remains a frequently used settlement asset in the wider digital-asset market, including through a separate Binance and Circle partnership agreement.

What the disclosure confirms

Riot’s disclosure confirms the repayment, the termination of the credit agreement and the release of collateral security interests. It also confirms that the company reported no fees or penalties tied to the early termination.

The disclosure does not verify claims that the repayment was connected to continued data-center expansion. Any such connection would require separate company disclosure or other supporting evidence.

Continue reading: Binance and Circle partnership agreement on BTCNews.

Continue reading: corporate financing developments in the bitcoin sector on BTCNews.

Sources

• U.S. Securities and Exchange Commission: Riot Platforms, Inc. September 21, 2026 Form 8-K
• Cointelegraph: Riot Platforms repays $200M credit facility, releases collateral

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