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by: xpoolPosted on: April 23, 2025

Riot Platforms Secures $100 Million Bitcoin Loan to Fuel Growth

Bitcoin mining giant Riot Platforms has secured a groundbreaking $100 million credit facility from Coinbase, using a portion of its Bitcoin holdings as collateral. This innovative arrangement marks Riot’s first foray into utilizing crypto assets as loan security, signifying a significant step forward in the company’s financial strategy.

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