Riot Platforms Repays $200M Coinbase Credit Facility, Expands AI Data Center Push

Bitcoin mining firm Riot Platforms has fully repaid its $200 million credit facility from Coinbase Credit, according to a Friday filing with the US Securities and Exchange Commission. The facility, which was secured by a pledge of Riot's financial assets including Bitcoin, USDC, and cash held in custody by Coinbase Custody Trust Company, was settled on Monday without any early termination fees or penalties.

The repayment frees up the company's previously pledged collateral, strengthening its balance sheet as it continues diversifying beyond Bitcoin mining into high-performance data center operations. Riot has been aggressively building out its infrastructure footprint, most notably securing a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas, campus to a leading frontier AI company. Bloomberg subsequently identified that customer as Anthropic, with the deal valued at approximately $9 billion.

Riot's data center pivot is already showing financial results. The company posted $167.2 million in revenue for Q1 2026, with its newly launched data center segment contributing $33.2 million to the top line. The dual strategy of monetizing excess power capacity for AI compute workloads while maintaining core Bitcoin mining operations positions Riot as a notable player at the intersection of crypto and artificial intelligence infrastructure.

The Coinbase facility repayment comes amid a broader corporate treasury trend, where crypto-linked firms are restructuring balance sheets to free up capital for expansion. With collateral now released and a multi-billion-dollar AI hyperscaler contract in hand, Riot Platforms appears well-capitalized to fund its next phase of growth across both Bitcoin mining and enterprise-grade data center services.