Riot Platforms Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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THE SECURITIES EXCHANGE ACT OF 1934
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Item 1.01 – Entry into a Material Definitive Agreement.
On April 21, 2026, Riot Platforms, Inc. (the “Company”) entered into a second amended and restated credit agreement (the “Second Amended and Restated Credit Agreement”) by and between the Company, as the borrower, and Coinbase Credit, Inc., as lender, collateral agent, and administrative agent (the “Lender” and together with the Company, the “Parties”). The Second Amended and Restated Credit Agreement replaces in its entirety the existing amended and restated credit agreement, dated as of May 19, 2025, between the Company and the Lender (the “Existing Credit Agreement”), which amended and restated the Company’s original credit agreement with the Lender, dated as of April 22, 2025. All capitalized terms used but not defined herein have the meanings ascribed to them in the Second Amended and Restated Credit Agreement.
The Second Amended and Restated Credit Agreement continues the Company’s multiple draw down secured term loan facility in an aggregate principal amount of up to $200 million (the “Loan”) and amends the Existing Credit Agreement, among other things, to change the rate per annum at which interest accrues on the Loan from a floating rate to a fixed rate and to extend the maturity of the Loan. The Loan matures on the date that is 364 days after the Original Maturity Date (the “Initial Final Maturity Date”). The Company may request, no later than ninety (90) days prior to the Initial Final Maturity Date, that the Final Maturity Date be extended by an additional 364 days, subject to the consent of the Lender.
The Company’s obligations under the Second Amended and Restated Credit Agreement continue to be secured by a pledge of the Company’s financial assets, including bitcoin, USDC and cash, held in the custody of Coinbase Custody Trust Company, LLC. The Second Amended and Restated Credit Agreement includes representations, warranties, covenants, events of default and other customary provisions for a secured term loan facility of this type.
The foregoing description of the Second Amended and Restated Credit Agreement, together with the description above of certain terms of the Second Amended and Restated Credit Agreement, is a summary, does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amended and Restated Credit Agreement, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is hereby incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
Item 9.01 – Financial Statements and Exhibits.
(d)Exhibits.
EXHIBIT INDEX
The following exhibits are filed or furnished herewith:
Exhibit No. | | Description |
10.1 *† | ||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
* Portions of this exhibit have been omitted in accordance with Item 601(b)(10)(iv) of Regulation S-K.
† Certain schedules and appendices have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Registrant hereby undertakes to furnish to the SEC, upon request, copies of any such instruments.
S I G N A T U R E
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RIOT PLATFORMS, INC. | |||
By: | /s/ Jason Chung | ||
Name: | Jason Chung | ||
Title: | Chief Financial Officer | ||
Date: April 27, 2026