Crypto mining company Riot Platforms has secured a significant $100 million credit facility from Coinbase Credit, leveraging its Bitcoin holdings. This non-dilutive funding will bolster the company’s strategic growth initiatives and is expected to contribute to long-term shareholder value creation. 100 million in Bitcoin serves as collateral for this loan, with interest rates starting at 7.75%. 2 months are allocated for utilizing these funds, which Riot plans to use for its strategic goals. This move aligns with other crypto companies like CleanSpark and Bitfarm who have also secured similar loans using their Bitcoin reserves. The facility ensures stability during market fluctuations, allowing Riot to boost liquidity while minimizing impacts on smaller cryptocurrency tokens.