Bitcoin mining company Riot Platforms has reached a $100 million credit agreement with Coinbase Credit

ChainCatcher news, according to CoinDesk, Bitcoin mining company Riot Platforms has reached a $100 million credit agreement with Coinbase Credit. The company stated that these funds will be used for strategic plans and general corporate purposes.

It is reported that the floating interest rate on the loan is at least 7.75% per year, with a term of 364 days, and is secured only by a portion of Riot's Bitcoin reserves.