Riot Platforms opted for a Bitcoin-backed loan from Coinbase to secure non-dilutive funding instead of issuing new shares

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.