💰 Riot Platforms Repays $200M Debt to Coinbase
Bitcoin mining giant Riot Platforms has fully repaid a $200 million credit facility from Coinbase Credit. The repayment, completed this Monday, was officially confirmed in a recent SEC filing.
By settling the remaining principal and interest, Riot has successfully released its collateral. This collateral previously consisted of a mix of Bitcoin, USDC, and cash held under the custody of Coinbase Custody Trust Company.
The company reported that no early termination fees or penalties were incurred during the prepayment process. This move significantly strengthens the miner's balance sheet and frees up its digital asset reserves.
#RiotPlatforms #BitcoinMining #Coinbase #CryptoNews
Bitcoin mining giant Riot Platforms has fully repaid a $200 million credit facility from Coinbase Credit. The repayment, completed this Monday, was officially confirmed in a recent SEC filing.
By settling the remaining principal and interest, Riot has successfully released its collateral. This collateral previously consisted of a mix of Bitcoin, USDC, and cash held under the custody of Coinbase Custody Trust Company.
The company reported that no early termination fees or penalties were incurred during the prepayment process. This move significantly strengthens the miner's balance sheet and frees up its digital asset reserves.
#RiotPlatforms #BitcoinMining #Coinbase #CryptoNews
💰 FTX-backed Bitcoin miner Genesis Digital Assets pivots to AI with €800M fundraise
Amsterdam-listed SWI Group has raised €800 million from institutional investors to expand its AI infrastructure. The group is now valued at €6.1 billion after raising over €1 billion since March.
A core part of the strategy involves repurposing Genesis Digital Assets (GDA), a major Bitcoin miner formerly backed by FTX and Alameda Research. SWI took control of GDA earlier this year and plans to rename it SWI Digital.
The company will convert its US-based Bitcoin mining sites into high-performance computing centers for AI. This shift follows a market trend where AI infrastructure is projected to be three times more profitable than Bitcoin mining.
#FTX #BitcoinMining #AI #GenesisDigitalAssets
Amsterdam-listed SWI Group has raised €800 million from institutional investors to expand its AI infrastructure. The group is now valued at €6.1 billion after raising over €1 billion since March.
A core part of the strategy involves repurposing Genesis Digital Assets (GDA), a major Bitcoin miner formerly backed by FTX and Alameda Research. SWI took control of GDA earlier this year and plans to rename it SWI Digital.
The company will convert its US-based Bitcoin mining sites into high-performance computing centers for AI. This shift follows a market trend where AI infrastructure is projected to be three times more profitable than Bitcoin mining.
#FTX #BitcoinMining #AI #GenesisDigitalAssets