Riot Platforms Trading Volume Surges to $337 Million, Ranks 291st Despite Stock Decline

On May 21, 2025, Riot Platforms (RIOT) experienced a significant increase in trading volume, reaching $337 million, marking an 89.05% rise from the previous day. This surge placed Riot at the 291st position in terms of trading volume for the day. However, despite the high trading volume, Riot's stock price declined by 1.01%, marking the third consecutive day of decline and a total decrease of 3.39% over the past three days.

Riot Platforms recently announced the expansion of its credit facility with Coinbase to $200 million. This move is part of the company's strategy to diversify its financing sources and reduce its cost of capital, aiming to create greater long-term value for shareholders. The expanded credit facility will be used to support key strategic initiatives and general corporate purposes. The terms of the facility remain unchanged, with an interest rate of 4.50% above the federal funds rate, and a maturity date of 364 days from the effective date, with a possible extension of another 364 days subject to Coinbase's approval. The loan will be secured by a portion of Riot's total bitcoin holdings.

Riot Platforms, Inc. is a leading vertically integrated Bitcoin mining company with operations in central Texas and Kentucky, as well as electrical switchgear engineering and fabrication operations in Denver, Colorado, and Houston, Texas. The company's vision is to be the world's leading Bitcoin-driven infrastructure platform, with a mission to positively impact the sectors, networks, and communities it touches. Riot's strategy focuses on innovation and strong community partnerships to achieve best-in-class execution and create successful outcomes.