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Coinbase Credit Facility

Riot Platforms Inc.

Notes
  • Variable rate: max(fed funds, 3.25%) + 4.50%; 8.75% as of Sep 30, 2025
  • Secured by 3,300 BTC held in custody with Coinbase Prime
  • 1-year term with optional 1-year extension
Outstanding
$200.00M
Issue date
2025-04-22
Principal
$200.00M
Coupon
Maturity
2026-04-22
Conversion price
Terms sources(3)
  • Form 8-K ($100M Coinbase Credit Agreement)
    Riot Platforms Inc. — 2025-04-25
    Source
  • Form 8-K (credit facility upsized to $200M)
    Riot Platforms Inc. — 2025-05-23
    Source
  • Form 10-Q (Q3 2025)
    Note 12 — Debt
    Riot Platforms Inc. — 2025-10-30
    Source
Outstanding history(2)
  • 2025-09-30 $200,000,000 REPORTED
    Note 12 — Debt — filing — Riot Platforms Inc.
    Source
  • 2025-04-22 $200,000,000 INFERRED