Riot Platforms is back in the spotlight after announcing a new $100 million credit facility from Coinbase Credit, a subsidiary of Coinbase Global.
The announcement comes right after a series of operational milestones that solidified Riot’s position as a major player in the Bitcoin mining industry.
The credit facility allows Riot to draw funds for two months, with a minimum annual interest rate of 7.75% and a tenor of 364 days that can be extended for another year, subject to approval from Coinbase.
The entry of this credit opens up new room for Riot to maneuver, especially since they put some of their 19,223 BTC as collateral. If you compare it, this is like having gold savings worth billions of dollars and then using it as collateral for business capital, without having to sell the savings.
Riot CEO Jason Les called this step a strategy so that the company can continue to expand without having to sacrifice share ownership. This is important, because maintaining shareholder value is one of the priorities.
Riot Platforms Announces $100 Million Credit Facility with @Coinbase.
“Riot has entered into its first bitcoin-backed facility, which provides us with non-dilutive funding at an attractive cost of financing,” said @JasonLes_, CEO of Riot. “This credit facility is a key part of…https://t.co/GWAbpWy2pY — Riot Platforms, Inc. (@RiotPlatforms) April 23, 2025
Riot: Operational Strength and Expansion Moves in Texas
On the other hand, Riot is also not sitting idly by regarding operations. In February 2025, CNF reported that it mined 470 BTC, up 12% year-over-year, although down 11% from January. The following month, production numbers actually jumped.
In March 2025, Riot mined 533 BTC—up 13% from February and 25% from the previous year. Hash rate also increased to 30.3 EH/s with fleet efficiency reaching 21.0 J/TH, indicating improvements in energy usage and hardware capabilities.
Most interestingly, however, is their expansion into Texas. Riot had previously signed a preliminary agreement to acquire assets from Rhodium Enterprises at the Rockdale facility. In addition to the acquisition, the two have also agreed to settle all ongoing lawsuits. It’s like shutting down the noise before moving into a new house—more peace of mind, more focus on the future.
Trading Volume Spikes on Strategic Moves
It’s no surprise that the market is reacting. On April 22, 2025, RIOT shares experienced a spike in trading volume of up to 53.66% compared to the previous day, reaching a value of $275 million. One of the triggers was the news of the acquisition of new equipment, which is believed to increase production capacity.
From here it can be seen that investors read Riot’s steps as a form of readiness to face challenges while developing business amid changing market conditions.