Riot Platforms Enters into $100 Million Credit Agreement with Coinbase Credit

Odaily News Bitcoin mining company Riot Platforms has reached a $100 million credit agreement with Coinbase Credit, and the company said the funds will be used for strategic planning and general corporate purposes. It is reported that the floating interest rate of the loan is at least 7.75% per year, the term is 364 days, and it is only secured by part of Riot's Bitcoin reserves. ((CoinDesk)