Riot Platforms, Inc. 8-K

What Happened Riot Platforms, Inc. announced on April 21, 2026 that it entered into a Second Amended and Restated Credit Agreement with Coinbase Credit, Inc., replacing the prior amended credit agreement dated May 19, 2025. The amendment preserves Riot’s multiple draw-down secured term loan facility of up to $200 million, converts the loan interest from a floating rate to a fixed rate, and extends the loan’s maturity. The agreement was disclosed in an 8-K filed April 27, 2026.

Key Details

• Loan size: up to $200 million aggregate principal.
• Effective date: Second Amended and Restated Credit Agreement dated April 21, 2026 (8-K filed April 27, 2026).
• Maturity: new “Initial Final Maturity Date” is 364 days after the Original Maturity Date; Riot may request one additional 364-day extension if requested no later than 90 days before the Initial Final Maturity Date and approved by the lender.
• Collateral: Riot’s obligations remain secured by a pledge of the company’s financial assets (including bitcoin, USDC and cash) held at Coinbase Custody Trust Company, LLC.

Why It Matters This filing documents a material amendment to Riot’s debt arrangement and creates/continues a secured financial obligation. Converting to a fixed interest rate gives Riot more certainty over interest costs, while the maturity extension provides additional near-term liquidity runway. Investors should note the loan is collateralized with Riot’s crypto and cash balances custodied at Coinbase—meaning those assets secure the debt and could be affected if the company defaults or the lender enforces remedies. This is a financing update, not an earnings report; monitor Riot’s overall liquidity, debt repayment plans, and the status of pledged crypto assets for potential impact on financial flexibility.