Riot Platforms entered into its first Bitcoin-backed credit facility

Event date

April 23, 2025

Quotes that support claims

The CEO, Jason Les stated, “Riot has entered into its first Bitcoin-backed facility, which provides us with non-dilutive funding at an attractive cost of financing. This credit facility is a key part of our efforts to diversify sources of financing to support our operations and strategic growth initiatives, with a view towards long-term stockholder value creation.”

The $100 million loan from Coinbase’s credit arm marks Riot’s “first Bitcoin-backed facility,” CEO Jason Les said in an April 23 statement.

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Week 17 of 2025