Riot Platforms Repays and Terminates $200 Million Coinbase Credit Facility
Riot Platforms prepaid its $200 million Coinbase Credit loan on Sept. 21, discharged the facility and released 5,821 BTC of pledged collateral.
Why it matters
Riot removed $200 million of secured debt months before its April 20, 2027 maturity and turned roughly half its bitcoin from pledged collateral into unencumbered holdings. Crypto News Flash described the payoff as part of a move toward project-specific data center financing, and Cointelegraph noted that the data center business supplied $33.2 million of Riot's $167.2 million in first-quarter 2026 revenue. The 8-K itself addresses only the repayment and the release of collateral, so neither reading is confirmed by the filing.
Where the sources disagree
Identity of the counterparty to Riot's 20-year Rockdale data center lease
Unnamed artificial intelligence developer
Crypto News (CryptoNews.net)
Anthropic, per Bloomberg citing people familiar with the matter
Cointelegraph
Crypto News describes the customer as an unnamed artificial intelligence developer, while Cointelegraph names Anthropic, citing Bloomberg and people familiar with the matter.
Key facts
Riot Platforms prepaid all outstanding principal and accrued interest on its $200 million secured credit facility from Coinbase Credit on Sept. 21, 2026.
200,000,000 USDReported by Crypto News (CryptoNews.net)
Riot disclosed the prepayment in a Form 8-K filed with the SEC on Sept. 25, 2026, stating that all obligations under the agreement were satisfied and discharged and that the agreement was terminated.
Reported by Crypto News (CryptoNews.net)
Coinbase Credit's security interests in the pledged assets were released and its commitment to make further loans under the facility ended.
Reported by Bitcoin.com News
The facility began as a $100 million borrowing on April 22, 2025, was raised to $200 million by a May 20, 2025 amendment, and after an April 2026 amendment carried a 6.15% fixed annual rate with maturity extended to April 20, 2027.
200,000,000 USDReported by Crypto News (CryptoNews.net)
Coinbase Credit, Inc. acted as lender, collateral agent and administrative agent, and the pledged assets were held in the custody of Coinbase Custody Trust Company.
Reported by Cointelegraph
Riot signed the Second Amended and Restated Credit Agreement on April 21, 2026 and first reported it in a Form 8-K filed April 27, 2026.
Reported by Crypto News (CryptoNews.net)
What happened
Riot Platforms prepaid the outstanding principal and accrued interest on its $200 million secured borrowing from Coinbase Credit on Sept. 21, 2026, and terminated the facility. The company disclosed the voluntary prepayment in a Form 8-K filed with the SEC on Sept. 25, which stated that all obligations under the Second Amended and Restated Credit Agreement dated April 21, 2026 were satisfied and discharged, that Coinbase Credit's security interests in the pledged assets were released, and that its commitment to make further loans ended. No early termination fee or penalty was charged; Crypto News reported that the day-count fraction used to calculate the termination charge was zero because the payment fell after the four-month anniversary of the agreement's original maturity date. The pledged collateral included 5,821 BTC worth about $340.7 million at the June 30 valuation of $58,527 per coin, roughly 51% of Riot's 11,380 BTC holdings, plus USDC and cash held at Coinbase Custody Trust Company. The outlets differ on a separate matter: Crypto News calls the counterparty to Riot's 20-year, 191-megawatt Rockdale lease an unnamed AI developer and values it at about $9.1 billion, while Cointelegraph names Anthropic and puts it at about $9 billion, citing Bloomberg and people familiar with the matter.
How the story developed
- Official statement
Riot completes the voluntary prepayment
Riot paid the remaining principal and all accrued interest through Sept. 21, 2026, satisfying its obligations under the credit agreement.
- Official statement
Form 8-K discloses termination, release of security interests and zero termination charge
The filing said all obligations were discharged, the day-count fraction for the termination charge was zero and Coinbase Credit's security interests were released.
- First report
First report by Crypto News (CryptoNews.net)
Riot Clears $200M Coinbase Loan, Frees $341M in Bitcoin Collateral
- Update
April 2026 amendment sets a 6.15% fixed rate and pushes maturity to 2027
The amendment replaced a floating borrowing cost with a fixed 6.15% annual rate and extended maturity to April 20, 2027.
- Independent corroboration
Independently corroborated by Cointelegraph
Riot Platforms repays $200M credit facility, releases collateral
- Update
Cointelegraph, citing Bloomberg, names Anthropic as the Rockdale customer
Cointelegraph reported the AI customer was Anthropic and the deal was worth about $9 billion, and separately gave Riot's first-quarter 2026 revenue as $167.2 million with $33.2 million from data centers.
- Official statement
Official statement from Bitcoin.com News
Riot Repays Coinbase Loan, Ends $200 Million Bitcoin-Backed Facility
- Update
Riot first reports the amended $200 million Coinbase facility
Riot disclosed the Second Amended and Restated Credit Agreement dated April 21, 2026 with Coinbase Credit, Inc. in a Form 8-K filed April 27, 2026.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 26 Sept 2026, 18:37 UTC: Crypto News (CryptoNews.net) — 1 independent source, 1 reports
- 27 Sept 2026, 09:57 UTC: Cointelegraph — 2 independent sources, 2 reports
- 27 Sept 2026, 10:13 UTC: Bitcoin Insider — 3 independent sources, 3 reports
- 27 Sept 2026, 10:30 UTC: Bitcoin.com News, official — 4 independent sources, 4 reports
- 27 Sept 2026, 17:15 UTC: Crypto News Flash — 5 independent sources, 5 reports
- 29 Sept 2026, 21:58 UTC: Crypto.News — 6 independent sources, 7 reports
Affected entities
Also mentioned: Nasdaq, United States, Base, MARA Holdings, Circle
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Riot Repays Coinbase Loan, Ends $200 Million Bitcoin-Backed Facility | Independent | |
| Crypto News (CryptoNews.net) Aggregator | Riot Clears $200M Coinbase Loan, Frees $341M in Bitcoin Collateral | Original | |
| Cointelegraph Crypto media | Riot Platforms repays $200M credit facility, releases collateral | Independent | |
| Crypto.News Crypto media | Riot Platforms closes $200M Coinbase Bitcoin credit line | Independent | |
| Crypto News Flash Crypto media | Riot Platforms Is Rewriting the Role of Bitcoin on Its Balance Sheet | Independent | |
| Bitcoin Insider Aggregator | 5,821 BTC Freed as Collateral After Riot Platforms Clears $200M Credit Facility | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | Riot Platforms Repays $200 Million Coinbase Bitcoin-Backed Credit Facility | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | Riot Platforms closes $200M Coinbase Bitcoin credit line | Syndicated |
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