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Coinbase Fronts Riot Platforms $100M Lifeline—Because Nothing Says ’Trust’ Like a Bitcoin Miner’s Balance Sheet

Coinbase Fronts Riot Platforms $100M Lifeline—Because Nothing Says ’Trust’ Like a Bitcoin Miner’s Balance Sheet

Author:
decryptCO
Published:
2025-04-23 23:36:59
20
1

Bitcoin Miner Riot Platforms Gets $100M Credit Facility From Coinbase

Riot Platforms just secured a $100 million credit facility from Coinbase—because when your core business is burning electricity to guess numbers, you need deep pockets. The deal lets the miner tap liquidity without selling its BTC stash (smart, given the current dumpster-fire market). Coinbase, meanwhile, gets to play hedge fund while pretending this isn’t a borderline bailout. Bonus cynicism: Watch lenders trip over themselves to fund unprofitable ops—until the next crypto winter hits.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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