Coinbase facility upsized to $200M; proceeds for data-center capex
Company: Riot
The claim, verbatim
Riot entered a $100M credit facility with Coinbase Credit on April 22, 2025, upsized it to $200M on May 20, 2025, fully drew it, and said it planned to use proceeds for strategic initiatives and general corporate purposes including data-center capital expenditures.
Source (primary)
Riot Platforms Repays $200M Coinbase Credit Facility, Releases Collateral - CoinMarketCap (-, news_article)
View cached copy (2026-09-29)Live source ↗Archive.org ↗
Quote: “On May 20, 2025, the company upsized it to a total commitment of $200 million ... The company said it planned to use the proceeds for strategic initiatives and general corporate purposes, including data-center capital expenditures.”
How we checked this
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Additional evidence
confirms Riot Platforms Repays $200M Coinbase Credit Facility, Releases Collateral - CoinMarketCap
Quote: “On May 20, 2025, the company upsized it to a total commitment of $200 million ... The company said it planned to use the proceeds for strategic initiatives and general corporate purposes, including data-center capital expenditures.”