Riot Platforms Renegotiates $200 Million Bitcoin-Backed Loan Terms with Coinbase

Bitcoin miner Riot Platforms has revised the terms of its $200 million Bitcoin-backed credit facility with Coinbase, TheEnergyMag reported. Under the amended agreement, the loan shifts from a floating interest rate linked to the U.S. federal funds rate to a fixed annual rate. The update also adds a two-day consecutive trigger mechanism aimed at reducing the impact of short-term Bitcoin price swings on margin calls and potential forced deleveraging. The amended agreement was signed on April 21, 2026, and includes an option for a one-year extension. Regulatory filings show Riot sold 3,778 Bitcoins in the first quarter of 2026, generating about $289.5 million in revenue. As of March 31, the company's restricted Bitcoin collateral rose to 5,802 Bitcoins.