Riot revises terms for $200 million Bitcoin collateralized loan facility with Coinbase

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Deep Tide TechFlow News, April 28, According to TheEnergyMag, Bitcoin mining company Riot Platforms has revised its $200 million Bitcoin collateral loan agreement with Coinbase, changing the variable interest rate originally linked to the U.S. federal funds rate to a fixed annual rate, and introducing a continuous 2-day trigger mechanism to reduce the impact of short-term Bitcoin price fluctuations on additional collateral and forced deleveraging.

The new agreement was signed on April 21, 2026, and can be extended for an additional year upon application. The document shows that Riot previously 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 increased to 5,802 Bitcoins.

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