Riot Platforms secures $100M credit agreement with Coinbase

Bitcoin (BTC) mining company Riot Platforms has secured a $100 million credit agreement with Coinbase's credit arm, using its BTC holdings as collateral, according to CoinDesk. The one-year loan, with a minimum interest rate of 7.75%, will provide the firm with short-term funding for expansion without the need to issue new shares. Riot Platforms currently holds 19,223 BTC, valued at approximately $1.8 billion.