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@ tzongocu
2025-04-24 00:31:58
📰 News Alert...
🔖 Title: Riot Platforms Secures $100 Million Credit Agreement with Coinbase Using Bitcoin Holdings
🗓️ Published: 2025-04-24T03:30:00+03:00
📄 Summary: Bitcoin mining company Riot Platforms has successfully entered into a $100 million credit agreement with Coinbase, leveraging its substantial Bitcoin holdings valued at approximately $1.8 billion as collateral. The funding, which will be drawn in stages over two months, aims to bolster the company's expansion efforts and support various corporate objectives. This strategic move highlights Riot's commitment to growth within the evolving cryptocurrency landscape.
🔗 https://cryptoslate.com/riot-platforms-leverages-1-8-billion-bitcoin-trove-for-100-million-coinbase-loan/
🗞️ Source: CryptoSlate
💓 #Cryptocurrency #BitcoinMining #RiotPlatforms