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Bitcoin Miner, Riot Platforms, Frees $200 million in Crypto-Backed Debt as AI Strategy Accelerates – BitKE

Bitcoin Miner, Riot Platforms, Frees $200 million in Crypto-Backed Debt as AI Strategy Accelerates – BitKE

Riot Platforms has repaid a $200 million credit facility from Coinbase Credit, releasing bitcoin, USDC and cash pledged as collateral, as the U.S. Bitcoin miner continues shifting its infrastructure strategy toward artificial intelligence and high-performance computing.

 

The facility was secured against Riot’s financial assets, including bitcoin.

 

BITCOIN | Another Bitcoin Mining Firm Sees Positive Economics as it Diversifies into AI Infrastructure

 

As of June 30 2026, the company had 5,821 bitcoin pledged as collateral, representing about half of its 11,380-bitcoin holdings. Riot’s repayment ends the facility and releases the lender’s security interests without an early termination fee.

The move…

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