Event JSON
{
"id": "3ed34fefb5b03114126e04ebf51a80ee317db96b5202091939577226efa34bab",
"pubkey": "2a31ad2763ec02a3d5dceee4f02c0cc200d856dba83b24708f891f257aa3bd2d",
"created_at": 1745451643,
"kind": 1,
"tags": [
[
"r",
"https://decrypt.co/316048/bitcoin-miner-riot-platforms-100m-credit-facility-coinbase"
],
[
"subject",
"Bitcoin Miner Riot Platforms Gets $100M Credit Facility From Coinbase"
],
[
"published_at",
"1745451419"
],
[
"image",
"https://cdn.decrypt.co/wp-content/uploads/2024/06/riot-platforms-bitcoin-miner-scaled-gID_7.jpg"
],
[
"p",
"2a31ad2763ec02a3d5dceee4f02c0cc200d856dba83b24708f891f257aa3bd2d",
"wss://articles.layer3.news"
],
[
"imeta",
"url https://cdn.decrypt.co/wp-content/uploads/2024/06/riot-platforms-bitcoin-miner-scaled-gID_7.jpg"
],
[
"t",
"Technology:perspective"
],
[
"summary",
"Riot Platforms has entered into a bitcoin-backed credit facility with Coinbase Credit, which will be used to pursue key strategic initiatives. The facility is secured by a portion of Riot's Bitcoin holdings and has an annual interest rate of 4.5% plus the federal funds rate upper limit. This is not the first time Coinbase has provided credit facilities to publicly traded Bitcoin miners, as Hut8 borrowed $50 million in 2023 and recently increased its credit facility with Coinbase."
]
],
"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq9gc66fmrasp284wuamj0qtqvcgqds4km4qajguy03y0j274rh5ks82v5kp\nhttps://cdn.decrypt.co/wp-content/uploads/2024/06/riot-platforms-bitcoin-miner-scaled-gID_7.jpg\nRiot Platforms has used a portion of its Bitcoin treasury to secure a $100 million loan from Coinbase's lending arm.\nhttps://decrypt.co/316048/bitcoin-miner-riot-platforms-100m-credit-facility-coinbase",
"sig": "9aae27872c53a889a625da3a3d1648d4fa006fc802f09e2d0dacb517f6f96781a46c0202b271bf7a2c428e241bc04d01638d1ed4b70664c2a46a1d77959f7d0c"
}
