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Riot Platforms switches Coinbase BTC-backed loan to fixed rate

2026-04-29 12:18:27

Riot Platforms amended its Bitcoin-backed loan agreement with Coinbase and switched from a federal-funds-linked variable rate to a fixed rate. Riot Platforms did not disclose the new rate. The amended terms add margin calls if collateral value stays below the required standard for two consecutive days, and Riot Platforms sold 3,778 BTC for about $289.5 million in the first quarter.

BTC-0.24%

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