Riot Platforms completed the voluntary repayment of its $200 million bitcoin-backed loan from Coinbase on September 21, according to an SEC filing released Friday. The company paid all outstanding principal and accrued interest without incurring early termination fees or penalties.
The facility carried a fixed annual interest rate of 6.15% following an April 2026 amendment. At that rate, the full $200 million balance would have generated approximately $12.3 million in annual interest charges.
The repayment removes restrictions on collateral pledged to secure the loan. As of June 30, Riot had pledged 5,821 bitcoin valued at approximately $340.7 million, representing roughly 51% of its total holdings of 11,380 bitcoin at that time. Security interests in the pledged bitcoin, USDC, and cash held with Coinbase Custody Trust were released concurrently with repayment.
Riot originally obtained a $100 million facility in April 2025 with a floating interest rate structure. The company doubled the facility to $200 million the following month, paying a one-time $1 million fee for the increase. An April 2026 amendment replaced the floating-rate structure with the fixed 6.15% rate and extended the maturity date to April 20, 2027.
The early repayment occurred approximately seven months before the revised maturity date, though the agreement's early termination fee applied only through August 21, leaving no penalty payable on the September repayment.
The loan repayment comes as Riot expands its data center operations. In August, the company announced a 20-year lease for 191 megawatts of computing capacity at its Rockdale campus with an artificial intelligence developer, expected to generate approximately $9.1 billion in revenue over the initial term.
