The credit agreement financing scale reached $200 million between Riot Platforms and Coinbase

ChainCatcher news, according to official sources, Nasdaq-listed Bitcoin mining company Riot Platforms announced that it has increased the financing limit in its credit agreement with Coinbase Credit from $100 million to $200 million, with key terms of the credit facility remaining unchanged, including the applicable interest rate.

Riot Platforms stated that this move aims to diversify financing channels and reduce capital costs to support long-term strategic goals. The borrowing under this credit facility will be secured by a portion of the company's Bitcoin holdings, with an annual interest rate of the federal funds rate cap (or 3.25%, whichever is higher) plus 4.5%.