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What's Going On With Riot Platforms Stock?

Henry Khederian
April 23, 2025

Riot Platforms Inc (NASDAQ:RIOT) shares are trading higher by 7.1% to $7.62 during Wednesday’s session after the company announced it has secured a $100 million credit facility from Coinbase (NASDAQ:COIN). This marks Riot’s first financing arrangement backed by Bitcoin.  

What To Know: The multiple drawdown term loan facility will be available to Riot over the next two months. The company intends to use the funds for strategic initiatives and general corporate purposes.  

Riot CEO Jason Les stated the facility provides “non-dilutive funding at an attractive cost,” supporting operations and growth initiatives for long-term stockholder value.  

The loan matures in 364 days, with a potential one-year extension subject to Coinbase’s consent. The interest rate is set at the greater of the federal funds rate upper limit or 3.25%, plus 4.50%. The borrowed amount is secured by a portion of Riot’s substantial Bitcoin holdings.

Read Also: Business Growth Cools, Prices Rise, And Markets Surge On Tariff Rollback Hopes

How To Buy RIOT Stock

By now you're likely curious about how to participate in the market for Riot Platforms – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Riot Platforms, which is trading at $7.71 as of publishing time, $100 would buy you 12.97 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, RIOT has a 52-week high of $15.87 and a 52-week low of $6.19.

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