Riot Platforms Doubles Credit Facility with Coinbase to $200 Million

Cryptocurrency mining company Riot Platforms has significantly expanded its credit facility with Coinbase Credit, increasing the agreement to $200 million from its previous $100 million arrangement. This expansion underscores Riot’s commitment to operational growth and strategic investments in Bitcoin mining. The credit line provides increased financial flexibility, supporting the company’s continued leadership in the Bitcoin industry. The expanded facility also highlights the growing trend of utilizing cryptocurrency assets as collateral for financing opportunities within the mining sector.