Riot Platforms announced the termination of its material credit agreement with Coinbase Credit, Inc. following a full voluntary prepayment of all outstanding amounts on September 21, 2026. The agreement provided a secured term loan facility of up to $200 million.
Key Details
- Agreement Terminated: The Second Amended and Restated Credit Agreement with Coinbase Credit, Inc., dated April 21, 2026, which provided for a secured loan facility of up to $200 million.
- Prepayment & Termination Date: All outstanding principal and accrued interest were paid in full on September 21, 2026, resulting in the immediate termination of the agreement.
- Financial Impact: The company incurred no early termination fees or penalties in connection with the prepayment.
- Collateral Release: All security interests granted to the lender, which included pledged bitcoin, USDC, and cash held in custody, have been released.