Riot Platforms (RIOT) has upsized its existing $100M credit facility to a total commitment of up to $200M with Coinbase Credit, a subsidiary of Coinbase (COIN). Key terms under the Upsized Credit Facility remain identical to the Existing Credit Facility, including the applicable interest rate, and Riot intends to use proceeds from the Upsized Credit Facility to pursue key strategic initiatives and for general corporate purposes.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIOT:
- Senate revives bill to regulate parts of cryptocurrency industry, NYT says
- Riot Blockchain call volume above normal and directionally bullish
- Crypto Currents: Coinbase reports stolen user data in hack
- Jeffrey Smith’s Starboard Value buys Qorvo, cuts Pfizer in Q1
- Mixed options sentiment in Riot Blockchain (RIOT), with shares down $-0.16 (-1.77%) near $8.90