Riot Repays $200M Bitcoin-Backed Loan
Cointelegraph reported that Riot cleared the facility early while increasingly focusing on AI data centers, including a reported $9 billion agreement with Anthropic. The repayment was confirmed in a regulatory filing, which said Riot paid the remaining principal and interest and incurred no early termination fees or penalties.
Riot releases collateral after loan repayment
The $200 million facility was provided by Coinbase Credit and was secured by assets including Bitcoin, USDC and cash held through Coinbase Custody Trust Company. Riot had originally expanded the facility to $200 million in May 2025, with Bitcoin holdings serving as part of the collateral.
Riot's decision to repay the outstanding balance removes the associated collateral requirements. The company had previously described the credit facility as part of its efforts to diversify financing sources and support corporate and strategic initiatives.
The repayment comes as Riot's business has expanded beyond its traditional role as a Bitcoin mining company. Its current corporate strategy includes developing large-scale data centers designed for high-performance computing and AI workloads.
Anthropic deal strengthens Riot’s AI pivot
Riot disclosed in August that it had signed a 20-year data center lease with a “leading frontier AI” company covering 191 megawatts of critical IT capacity at its Rockdale, Texas, campus. The agreement was valued at approximately $9.1 billion over its initial term.
Bloomberg subsequently reported that Anthropic was the customer behind the agreement. The deal is expected to provide Riot with a major long-term data center revenue stream as the company develops infrastructure for AI computing.
Under the agreement disclosed by Riot, the initial 96 megawatts are expected to be delivered in December 2027, with the full 191-megawatt deployment scheduled for June 2028. Two five-year extension options could increase the potential contract value to approximately $16.1 billion.
Data centers become a larger part of Riot’s business
Riot's second-quarter results showed the early contribution of its data center operations. The company reported $23.2 million in data center revenue for the quarter ended June 30, 2026, alongside total revenue of $174.2 million. Riot also said it had completed delivery of an initial 25 megawatts to AMD and had another 25-megawatt expansion under construction.
The company ended the quarter with 11,380 Bitcoin and $548.9 million in cash, while 5,821 BTC were held as collateral at the time.
Riot's early repayment of the $200 million facility now coincides with a broader expansion of its data center operations, with the Anthropic-linked Rockdale project scheduled to progress through its phased delivery beginning in 2027.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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