Riot, Coinbase Stocks Advance After $100M Credit Facility Agreement

Dow Jones

Apr 23, 2025

By Roshan Fernandez

Shares of Riot Platforms and Coinbase Global rose during Wednesday's trading after Riot announced that it entered into a $100 million credit facility with Coinbase.

Shares of Riot, a Castle Rock, Colo.-based bitcoin mining and digital infrastructure company, were up 7.6% to $7.66 in Wednesday morning trading. Shares of Coinbase, a cryptocurrency exchange, were up 2.9% to $195.43.

"Riot has entered into its first bitcoin-backed facility, which provides us with non-dilutive funding at an attractive cost of financing," said Riot Chief Executive Jason Les.

The company said that under the terms of agreement, Coinbase will provide a multiple drawdown term loan facility, which will be made available to Riot over a two-month period.

Riot said it will use the proceeds to pursue key initiatives and for general corporate purposes.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(END) Dow Jones Newswires

April 23, 2025 11:31 ET (15:31 GMT)

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Shares of Coinbase, a cryptocurrency exchange, were up 2.9% to $195.43. \n</p>\n<p>\n  \"Riot has entered into its first bitcoin-backed facility, which provides us with non-dilutive funding at an attractive cost of financing,\" said Riot Chief Executive Jason Les. \n</p>\n<p>\n  The company said that under the terms of agreement, Coinbase will provide a multiple drawdown term loan facility, which will be made available to Riot over a two-month period. \n</p>\n<p>\n  Riot said it will use the proceeds to pursue key initiatives and for general corporate purposes. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Roshan Fernandez at roshan.fernandez@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 23, 2025 11:31 ET (15:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4554","symbol_name":"元宇宙及AR概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529631210","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529631210","pubTimestamp":1745422260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Riot Platforms and Coinbase Global rose during Wednesday's trading after Riot announced that it entered into a $100 million credit facility with Coinbase.Shares of Riot, a Castle Rock, Colo.-based bitcoin mining and digital infrastructure company, were up 7.6% to $7.66 in Wednesday morning trading. 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Shares of Coinbase, a cryptocurrency exchange, were up 2.9% to $195.43. \n\n\n  \"Riot has entered into its first bitcoin-backed facility, which provides us with non-dilutive funding at an attractive cost of financing,\" said Riot Chief Executive Jason Les. \n\n\n  The company said that under the terms of agreement, Coinbase will provide a multiple drawdown term loan facility, which will be made available to Riot over a two-month period. \n\n\n  Riot said it will use the proceeds to pursue key initiatives and for general corporate purposes. \n\n\n \n\n\n  Write to Roshan Fernandez at roshan.fernandez@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 23, 2025 11:31 ET (15:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}