# Riot Platforms Secures $100M Bitcoin-Backed Credit Line from Coinbase

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

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| Published | 23 April 2025 |

Source: https://egamers.io/riot-platforms-secures-100m-bitcoin-backed-credit-line-from-coinbase/