Riot Platforms Enters into $100 Million Credit Agreement with Coinbase Credit

Bitcoin mining company Riot Platforms has reached a $100 million credit agreement with Coinbase Credit. The company stated that this funding will be used for strategic plans and general corporate purposes. It is reported that the floating interest rate of the loan is at least 7.75% per year, with a term of 364 days, and is only secured by a portion of Riot's Bitcoin reserves.