Riot Platforms has fully repaid a $200 million Bitcoin-backed credit facility arranged with Coinbase Credit, closing the arrangement more than a year before its planned maturity and freeing substantial cryptocurrency holdings from lender claims.

The company settled the outstanding principal together with accrued interest on Sept. 21. The transaction carried no early-termination fee or penalty. Following the payment, Coinbase released its security interest in the assets that had secured the loan.

Facility Terms and Repayment

The credit facility carried a fixed annual interest rate of 6.15 percent after an amendment completed in April 2026. At that rate, annual interest costs amounted to approximately $12.3 million. The original agreement had featured a floating rate before the switch to the fixed structure.

Riot first drew $100 million under the facility in April 2025 and expanded the commitment to $200 million the following month. The full amount was drawn and the maturity date had been set for April 20, 2027. By settling the debt early, the company eliminated future interest obligations under the arrangement.

Collateral Released

As of June 30, 2026, Riot had pledged 5,821 Bitcoin under the facility. Those holdings were valued at roughly $340.7 million at the time and accounted for about 51 percent of the company’s total Bitcoin position of 11,380 BTC. The repayment also freed any USDC and cash that had been posted as additional collateral.

With the security interest extinguished, the previously encumbered Bitcoin and other assets returned to Riot’s unencumbered balance sheet.

Parallel Expansion in Data Centers

While retiring the Coinbase facility, Riot has continued to develop its data-center operations alongside its core Bitcoin-mining business. In August the company announced a 20-year lease for 191 megawatts of capacity at its Rockdale campus. The counterparty is an unnamed artificial-intelligence developer. Management expects the lease to generate approximately $9.1 billion in revenue across its full term, providing a multi-year contracted income stream as the firm scales computing infrastructure.

The early repayment of the $200 million facility removes a material secured liability and restores flexibility over a sizable portion of Riot’s Bitcoin holdings at a time when the company is advancing longer-duration commercial agreements outside pure mining.