Riot Platforms, a prominent cryptocurrency mining firm, has successfully repaid a $200 million loan to Coinbase ahead of its scheduled maturity. This prepayment effectively closes a Bitcoin-backed credit line which was secured against 5,821 BTC, representing nearly 51% of Riot's crypto holdings as of late June, with a valuation of around $340.7 million. The loan, which carried an interest rate of 6.15% and was initially due in April 2027, was paid off without incurring any penalties for early repayment.
In tandem with this financial development, Riot Platforms is also pursuing an expansion of its data center operations focused on artificial intelligence, having recently signed a 20-year contract to secure 191 megawatts of computing power.