Coinbase facility fully drawn at Q1 2026
Company: Riot
The claim, verbatim
By the first-quarter 2026 disclosure, Riot had drawn the entire $200 million Coinbase facility, for strategic initiatives and general corporate purposes including data center capex.
Source (primary)
Riot Platforms closes $200M Coinbase Bitcoin credit line - Cryptonews.net (-, news_article)
View cached copy (2026-10-05)Live source ↗Archive.org ↗
Quote: “By the first-quarter disclosure, Riot had drawn the entire facility, the company reported.”
How we checked this
Checked on October 6, 2026. The cited source supports every part of this claim.
The article reports that the $200 million facility was fully drawn by the first-quarter filing and lists the same intended uses.
Confirmed in the source:
- By the first-quarter 2026 disclosure, Riot had drawn the entire Coinbase facility
- The facility commitment was $200 million
- The intended uses included strategic initiatives and general corporate purposes, including data center capital spending
What we did: Read our cached copy of the publisher (https://cryptonews.net/news/mining/33516299/) in full (8,434 characters, retrieved October 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot Platforms closes $200M Coinbase Bitcoin credit line - Cryptonews.net
Quote: “By the first-quarter disclosure, Riot had drawn the entire facility, the company reported.”