Bitcoin Miner Riot Platforms Gets $100 Million Credit Facility From Coinbase
Bitcoin miner Riot Platforms Inc. said it has entered into a $100 million credit facility with a subsidiary of Coinbase Global Inc., the largest US-based crypto exchange.
The facility, which is backed by a portion of Riot's Bitcoin holdings, will provide a multiple drawdown term loan available to the miner, the company said in a statement on Wednesday.
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