Form 8-K · Current Report · Filed 2025-05-23
Riot Platforms Amends Credit Agreement with Coinbase Credit
On May 19, 2025, Riot Platforms, Inc. amended its credit agreement with Coinbase Credit, Inc., increasing the loan amount from $100 million to $200 million, extending the availability period, and adding a one-time upsize fee. The new agreement includes the same security terms as the original.
- Filer
- Riot Platforms Inc. RIOT · NASDAQ
- Filed
- Accession
- 0001558370-25-008138
- CIK
- 0001167419
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$8.94
Next session
+2.2%
Since filing
+125.7%
Latest close
$20.18
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from RIOT reporting the same item, with the next session's move:
Exhibits (1)
About Riot Platforms Inc.
Riot Platforms Inc. is a company primarily engaged in cryptocurrency mining, a fundamental aspect of the evolving blockchain technology and digital asset ecosystem. By utilizing specialized hardware, Riot Platforms focuses on the mining of Bitcoin, the dominant cryptocurrency, contributing to the validation and processing of transactions within the Bitcoin network. The company plays a critical role in the blockchain industry, providing the necessary computational power to maintain network security and verify transactions. Riot Platforms Inc. capitalizes on technological advancements and strategic operational decisions to enhance mining efficiency, scalability, and energy sustainability. With an emphasis on alignment with regulatory developments and environmental considerations, the company actively pursues investments in renewable energy resources to power its operations. Operating within the fast-paced technology and financial sectors, Riot Platforms Inc. is instrumental in supporting the infrastructure of the cryptocurrency market. As a bellwether in the identity-heavy sphere of crypto mining, it highlights the growing intersection of digital assets and traditional financial industries, contributing to the broader acceptance of cryptocurrencies as a legitimate asset class. Founded in 2000 and based in the United States, the company continues to evolve in tandem with the rapid advancements of blockchain technologies.
Never miss another RIOT filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.