Coinbase BTC-backed credit facility
Company: Riot
The claim, verbatim
Riot entered into, and later upsized, a $200 million bitcoin-backed credit facility with Coinbase.
Source (primary)
riot 8-K exhibit (riot-20250731xex99d2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-09)Live source ↗
Quote: “Entered into, and subsequently upsized, BTC-backed $200MM credit facility with Coinbase”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The Q2 accomplishments slide says Riot entered into, and subsequently upsized, a BTC-backed $200MM credit facility with Coinbase.
Confirmed in the source:
- Riot entered into a bitcoin-backed credit facility with Coinbase
- The facility was subsequently upsized
- The facility is $200 million
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1167419/000155837025009894/riot-20250731xex99d2.htm) in full (33,303 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms riot 8-K exhibit (riot-20250731xex99d2.htm)
Quote: “Entered into, and subsequently upsized, BTC-backed $200MM credit facility with Coinbase”