金色财经|Apr 28, 2026 06:22
[Riot Adjusts $200 Million Coinbase Credit Line Agreement with Fixed Interest Rate and Buffer Mechanism to Address BTC Volatility]
According to a report by Golden Finance, on April 28, Nasdaq-listed Bitcoin mining company Riot Platforms announced adjustments to its $200 million Bitcoin-collateralized credit line agreement with Coinbase. The changes aim to reduce financing cost fluctuations and mitigate the risk of forced margin calls caused by short-term market volatility. The new agreement replaces the original floating interest rate loan tied to the U.S. federal funds rate with a fixed annual interest rate structure. Additionally, the original 364-day loan set to mature in April 2026 has been extended, with an option to apply for an additional one-year extension.
Furthermore, the new agreement introduces a "Two-Day Rule," whereby margin calls or deleveraging mechanisms will only be triggered if the value of Bitcoin collateral falls below the threshold for two consecutive days, avoiding passive liquidation caused by single-day price crashes. In the first quarter of this year, Riot sold 3,778 Bitcoins, generating approximately $289.5 million in cash to address pressure on mining profitability.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink