Riot Platforms pays off credit line of up to $200M

The lender’s commitment to make further loans ended, pledged security interests were released, and no early termination fees or penalties were incurred.

Rhea-AI Filing Summary

Riot Platforms, Inc. completed the full voluntary prepayment of all outstanding principal under its credit agreement with Coinbase Credit, Inc. on September 21, 2026, and paid accrued and unpaid interest through that date. The prepayment satisfied and discharged Riot’s obligations under the agreement.

Dated April 21, 2026, the agreement provided for a multiple draw-down secured term loan facility with an aggregate principal amount of up to $200 million. It was secured by a pledge of Riot’s financial assets, including bitcoin, USDC, and cash held in the custody of Coinbase Custody Trust Company, LLC. Because the prepayment date fell after the four-month anniversary of the Original Maturity Date, the applicable Day Count Fraction was zero and no early termination fees or penalties were incurred. The agreement and the lender’s commitment to make further loans terminated, and the lender’s security interests were released.

8-K Event Classification

Item 1.02 — Termination of a Material Definitive Agreement

1 item

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Key Figures

Facility aggregate principal amount: Up to $200 million Day Count Fraction: 0 Prepayment date: September 21, 2026 +1 more

4 metrics

Facility aggregate principal amount Up to $200 million Maximum aggregate principal amount of the secured term loan facility

Day Count Fraction 0 Applied in calculating the early termination fee for the prepayment

Prepayment date September 21, 2026 Date the company completed the voluntary prepayment

Maturity-date anniversary Four months The prepayment date fell after the four-month anniversary of the Original Maturity Date

Key Terms

multiple draw-down secured term loan facility, Day Count Fraction, early termination fee, security interests

4 terms

multiple draw-down secured term loan facility financial

"provided for a multiple draw-down secured term loan facility"

Day Count Fraction financial

"the applicable Day Count Fraction used to calculate the early termination fee"

early termination fee financial

"no early termination fees or penalties were incurred"

security interests financial

"the security interests granted by the Company in favor of the Lender ... were released"

A security interest is a legal claim a lender or creditor has on a borrower's specific assets to ensure repayment; if the borrower fails to pay, the creditor can seize those assets to recoup losses. For investors, security interests change how risky a company's debt and assets are because they determine who gets paid first in financial trouble—think of it like a mortgage on a house that gives one lender first dibs on the sale proceeds.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How large was RIOT’s credit facility?

The facility provided for a multiple draw-down secured term loan with an aggregate principal amount of up to $200 million. It was secured by a pledge of Riot’s financial assets, including bitcoin, USDC, and cash held in the custody of Coinbase Custody Trust Company, LLC.

Why did RIOT incur no early termination fee?

The prepayment date fell after the four-month anniversary of the Original Maturity Date, making the applicable Day Count Fraction zero. Accordingly, Riot incurred no early termination fees or penalties in connection with the prepayment or termination.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 21, 2026

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Riot Platforms, Inc.

(Exact name of registrant as specified in its charter)

​	​	​	​	​
Nevada	​ ​ ​	001-33675	​ ​ ​	84-1553387
(State or other jurisdiction of incorporation)	​	(Commission File Number)	​	(I.R.S. Employer Identification No.)

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85 Rio Grande Drive, Suite 200

Castle Rock, CO 80104

(Address of principal executive offices)

(303) 794-2000

(Registrant’s telephone number, including area code)

(Former name and former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

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Title of each class	​ ​ ​	Trading Symbol(s)	​ ​ ​	Name of each exchange on which registered
Common Stock, no par value per share	​	RIOT	​	Nasdaq Capital Market

​

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 1.02 – Termination of a Material Definitive Agreement.

On September 21, 2026, Riot Platforms, Inc. (the “Company”) completed the full voluntary prepayment of all outstanding principal amounts under the Second Amended and Restated Credit Agreement, dated as of April 21, 2026 (the “Credit Agreement”), by and between the Company, as borrower, and Coinbase Credit, Inc., as lender, collateral agent, and administrative agent (the “Lender”). In connection with such prepayment, all obligations of the Company under the Credit Agreement were satisfied and discharged, and the Credit Agreement was terminated. All capitalized terms used but not defined herein have the meanings ascribed to them in the Credit Agreement.

The Credit Agreement, which the Company previously reported in a Current Report on Form 8-K filed with the Securities and Exchange Commission on April 27, 2026, provided for a multiple draw-down secured term loan facility in an aggregate principal amount of up to $200 million (the “Loan”), secured by a pledge of the Company’s financial assets, including bitcoin, USDC, and cash, held in the custody of Coinbase Custody Trust Company, LLC.

The Company delivered notice of the prepayment to the Lender pursuant to the Credit Agreement and paid in full the outstanding principal amount of the Loan, and all accrued and unpaid interest thereon through September 21, 2026. As the prepayment date of September 21, 2026, falls after the four-month anniversary of the Original Maturity Date, the applicable Day Count Fraction used to calculate the early termination fee under the Credit Agreement was zero, and accordingly no early termination fees or penalties were incurred by the Company in connection with the prepayment or termination.

Concurrently with the prepayment described above, the Credit Agreement and the Lender’s commitment to make further loans thereunder terminated, and the security interests granted by the Company in favor of the Lender under the Collateral Documents were released.

The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amended and Restated Credit Agreement, a copy of which was previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 27, 2026.

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S I G N A T U R E

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

​	RIOT PLATFORMS, INC.		​
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​	By:	/s/ Jason Chung	​
​	Name:	Jason Chung	​
​	Title:	Chief Financial Officer	​

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Date: September 25, 2026

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Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 EX-101.SCH 3.4 KB
• EX-101 EX-101.DEF 3.5 KB
• EX-101 EX-101.LAB 16.9 KB
• EX-101 EX-101.PRE 11.1 KB