secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001558370-25-008138
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riot Platforms upsizes Coinbase credit facility from $100M to $200M
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- Facility increased to $200M from $100M under amended and restated credit agreement with Coinbase Credit.
- Loan matures 364 days from April 22, 2025; one-time 1% upsize fee of $1M payable on effective date.
- Availability period extended from 2 to 3 months; number of permitted borrowings increased from 3 to 4.
- Obligations secured by pledge of bitcoin, USDC, and cash held in custody at Coinbase Custody Trust.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000155837025008138/0001558370-25-008138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000155837025008138/riot-20250519x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-008138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer