Riot Platforms Enters $573M Credit Facility for Rockdale Data Center

What Happened Riot Platforms, through its wholly owned subsidiary Riot DC Logistics, LLC, announced on Aug. 10, 2026 that it entered a credit agreement providing a senior secured delayed‑draw term loan facility of up to $573.0 million. Morgan Stanley Senior Funding, Inc. serves as administrative agent and the facility is available for borrowing beginning Aug. 10, 2026. Proceeds are designated to fund long‑lead equipment, related project equipment and other expenses for the company’s 191 critical IT MW data center project at its Rockdale Facility. Loans under the facility mature on Dec. 31, 2026.

Key Details

• Facility size: up to $573.0 million (delayed‑draw term loan).
• Borrower: Riot DC Logistics, LLC (wholly owned subsidiary); Administrative Agent: Morgan Stanley Senior Funding, Inc.; lenders: several banks and financial institutions.
• Purpose: purchase long‑lead and project equipment and related expenses for the Rockdale 191 MW data center.
• Pricing: borrower may choose (i) Adjusted Term SOFR + 2.75% or (ii) Base Rate + 1.75%; customary agency, undrawn and other facility fees apply.
• Security and guarantees: guaranteed by each subsidiary of the Borrower and affiliate RPI AUS01-0H DC LLC; secured by a lien on substantially all assets of the Credit Parties under a Pledge and Security Agreement.
• Recourse: no recourse to Riot Platforms (the parent) or other parents except customary exceptions (e.g., fraud); full credit agreement to be filed as an exhibit to the company’s 10‑Q for the quarter ending Sept. 30, 2026.
• Maturity: Dec. 31, 2026 (short‑term maturity may require repayment or refinancing).

Why It Matters This filing creates a material, secured short‑term financing commitment tied to Riot’s Rockdale data center buildout, providing cash specifically for long‑lead equipment and project costs. For investors, the facility increases the company’s near‑term obligations (a direct financial obligation reported under Item 2.03) but is structured with limited recourse to the parent company and secured by subsidiary assets. Key items to watch in upcoming filings: whether the company borrows the full amount, the impact on consolidated debt levels, any future refinancing plans before the Dec. 31, 2026 maturity, and the eventual filed credit agreement for full covenant detail.