Riot Platforms Pledges More Bitcoin To Double Borrowing Facility With Coinbase

Riot Platforms, Inc. (NASDAQ:RIOT), a Bitcoin mining company, announced an expanded credit agreement with Coinbase Credit, Inc., a financing subsidiary of Coinbase Global, Inc. (NASDAQ:COIN).

Under the revised deal, Riot has increased its existing $100 million credit line to a total of $200 million, doubling its liquidity through the facility while maintaining all previous terms.

The new facility will support Riot’s strategic plans and general operations. The company aims to optimize capital usage and improve its financing structure as part of its broader effort to deliver long-term value to investors.

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