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Morning Edition · Wednesday, September 30, 2026Published at 2:00 AM EDT · New York
Riot closes its $200 million Coinbase bitcoin loan as Hut 8 secures a $1 billion credit line with liquidity conditions
One miner is removing claims on pledged coin while the other accepts covenants requiring it to keep 40 percent liquidity against its facility.
Riot Platforms repaid its Coinbase Credit borrowing in full and closed the $200 million bitcoin-backed facility, settling principal and accrued interest on 21 September and releasing the lender's claims on the pledged coin, according to a F…
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