Riot Platforms plans to access the $100 million credit facility it secured from Coinbase in through staged withdrawals over a two-month period, allocating the funds toward corporate operations and strategic expansion

Quotes that support claims

In a press release published on Riot’s site, the company disclosed that the short-term credit facility will be accessed over a two-month period. Riot is taking the loan to support its strategic and corporate expansion plans. The company chose this funding route over issuing new shares to avoid diluting existing stakeholder ownership.

According to the firm, the facility will be accessed through staged withdrawals over two months until the full $100 million is drawn. Riot confirmed that the capital will support expansion efforts and other corporate priorities.