# 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.

- Published: 2026-09-30T06:00:33.939Z
- Canonical: https://polylog.news/crypto/2026-09-30/riot-closes-its-200-million-coinbase-bitcoin-loan-as-hut-8-s
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/hut-8-locks-in-1b-credit-line-but-faces-40-liquidity-rules/), [crypto.news](https://crypto.news/riot-platforms-closes-coinbase-bitcoin-credit-line/)

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…

This story is for subscribers. Read it in full at https://polylog.news/crypto/2026-09-30/riot-closes-its-200-million-coinbase-bitcoin-loan-as-hut-8-s (subscription information: https://polylog.news/pricing).