Riot Platforms' $100 million credit facility from Coinbase, established has a 364-day term with the option to extend for another year if approved by Coinbase

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The loan terms include an annual interest rate based on the higher federal funds rate upper limit or 3.25%, plus an additional 4.5%. The credit line matures in 364 days, but Riot can request an extension for another year, pending Coinbase’s approval.

The publicly traded Bitcoin miner’s credit facility has a 364-day term, with the option to extend it for another 364 days, subject to Coinbase’s approval. Riot will pay an annual interest rate made up of two components: the higher of the current federal funds rate or 3.25%, plus an additional 4.50%.