Coinbase Fronts Riot Platforms $100M Lifeline—Because Nothing Says ’Trust’ Like a Bitcoin Miner’s Balance Sheet

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2025-04-23 23:36:59

Bitcoin Miner Riot Platforms Gets $100M Credit Facility From Coinbase

Riot Platforms just secured a $100 million credit facility from Coinbase—because when your core business is burning electricity to guess numbers, you need deep pockets. The deal lets the miner tap liquidity without selling its BTC stash (smart, given the current dumpster-fire market). Coinbase, meanwhile, gets to play hedge fund while pretending this isn’t a borderline bailout. Bonus cynicism: Watch lenders trip over themselves to fund unprofitable ops—until the next crypto winter hits.

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