Riot Platforms has announced a $100 million credit facility from Coinbase, marking its first financing deal backed by Bitcoin collateral.
The credit line will offer non-dilutive funding, meaning Riot can raise capital without issuing new shares. CEO Jason Les stated that this move is a major step in the company’s expansion strategy.
By leveraging its Bitcoin holdings, Riot aims to access low-cost funding while maintaining shareholder value. The funding, provided by Coinbase’s credit division, will supp