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Riot revises the $200 million credit line agreement with Coinbase to mitigate the impact of Bitcoin price fluctuations.

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PANews
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3 hours ago
AI summarizes in 5 seconds.

PANews April 28 news, according to TheEnergyMag, Bitcoin mining company Riot Platforms has revised its $200 million Bitcoin collateralized credit agreement with Coinbase, changing the floating interest rate to a fixed rate and adding measures to hedge against short-term market fluctuations. The new agreement introduces the "two-day rule": stricter collateral requirements will only be triggered if the price of Bitcoin falls below a threshold for two consecutive days, whereas previously a single-day price drop was sufficient to trigger it. The agreement was originally a 364-day loan, now extendable for another year. In the first quarter, Riot sold 3,778 Bitcoins, generating approximately $289.5 million in revenue, and the number of Bitcoins pledged increased from 3,977 at the end of 2025 to 5,802 on March 31.

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