Riot Could Unlock Up to 1,547 BTC From Coinbase Loan
The mechanism works both ways: the February crash forced Riot to lock up 1,825 BTC; the rally to $78K has now dropped LTV to 44.1%, below two of three release thresholds in the loan.
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The mechanism works both ways: the February crash forced Riot to lock up 1,825 BTC; the rally to $78K has now dropped LTV to 44.1%, below two of three release thresholds in the loan.
Riot joins IREN, TeraWulf, Wolf, Cipher and Hut 8 in a sector-wide rotation pulling ~10% of Bitcoin's hash rate offline since October, locking capital into a 20-year AI build-out instead of mining.
The announcement broadens Riot's investor story from Bitcoin mining to AI infrastructure, putting its data-center capacity at the center of the AI buildout.
A transfer to NYDIG custody is the standard preparation step before a sale, and Riot has used it before when trimming its treasury.