Riot Platforms Revises $200M Bitcoin-Backed Credit Agreement with Major CEX, Adds Volatility Protections

Gate News message, April 28 — Riot Platforms has revised its $200 million bitcoin-backed credit facility with a major CEX, converting the floating interest rate to a fixed rate and adding enhanced protections against short-term market volatility. The updated agreement introduces a "two-day rule" that triggers stricter collateral requirements only when bitcoin's price falls below a threshold for two consecutive days, replacing the previous single-day trigger mechanism. The original 364-day loan term now includes an option to extend for an additional year.

Under the revised terms, Riot's collateral requirements have been adjusted to provide greater buffer during price swings. The company maintains flexibility in managing its bitcoin reserves while securing more favorable lending conditions from the major CEX partner.

In the first quarter, Riot sold 3,778 BTC, generating approximately $289.5 million in proceeds. The company's pledged bitcoin holdings increased from 3,977 BTC at the end of 2025 to 5,802 BTC as of March 31, 2026.