Riot Amends $200M Bitcoin-Backed Credit Line Terms with Coinbase

Odaily Bitcoin mining firm Riot Platforms has amended its $200 million bitcoin-backed credit agreement with Coinbase, switching the floating interest rate linked to the U.S. Federal Funds Rate to a fixed annual interest rate, and introducing a two-day consecutive trigger mechanism to reduce the impact of short-term bitcoin price volatility on margin calls and forced deleveraging.

The new agreement was signed on April 21, 2026, with an option for a one-year extension. Documents show that Riot sold 3,778 bitcoins in the first quarter of 2026, generating approximately $289.5 million in revenue. As of March 31, its restricted bitcoin collateral had increased to 5,802 bitcoins. (TheEnergyMag)