---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-005568"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2025-04-25T23:59:59+00:00"
generated_at: "2026-05-23T05:42:12.496875+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Riot Platforms enters $100M bitcoin-collateralized credit facility with Coinbase Credit

## Summary
- Secured term loan up to $100M, collateralized by bitcoin, USDC, and cash held at Coinbase Custody Trust.
- Interest rate is greater of fed funds upper limit or 3.25% plus 4.50% margin; 4.75% during second deleveraging.
- Maturity 364 days from April 22, 2025, extendable by 364 days with lender consent; upfront fee 1% ($1M).
- Voluntary prepayment min $5M with early termination fees; mandatory prepayment on change of control or LTV breach.
- Loan available in up to three drawdowns within two months; proceeds for general corporate purposes.

## SEC filing metadata
- accession: 0001558370-25-005568
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2025-04-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000155837025005568/0001558370-25-005568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000155837025005568/riot-20250422x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-005568
- JSON: https://secwatch.observer/filing/0001558370-25-005568.json
- Plain text: https://secwatch.observer/filing/0001558370-25-005568.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.