Riot Platforms, Inc. filed a Form 8-K on August 14, 2026, disclosing that its wholly owned subsidiary, Riot DC Logistics, LLC, entered into a senior secured delayed-draw term loan credit agreement on August 10, 2026, providing up to $573.0 million in financing for a data center project.

Key Highlights

  • Facility size: Up to $573.0 million in aggregate principal under a senior secured delayed-draw term loan facility.
  • Administrative agent: Morgan Stanley Senior Funding, Inc. serves as administrative agent under the Credit Agreement.
  • Intended use: Proceeds are intended to fund purchase of long-lead equipment, related project equipment, and certain other expenses for the company's 191 critical IT MW data center project at its Rockdale Facility.
  • Interest rate options: Loans bear interest at either the Adjusted Term SOFR rate plus 2.75%, or the Base Rate plus 1.75%, at the Borrower's election.
  • Maturity date: Loans under the Facility mature on December 31, 2026.
  • Non-recourse provision: The Credit Agreement provides no recourse against Riot Platforms, Inc. or any other direct or indirect parent of the Borrower, other than the Credit Parties.
  • Collateral: The Facility is secured by a lien on substantially all assets of the Credit Parties pursuant to a Pledge and Security Agreement.

Riot DC Logistics Enters $573M Credit Agreement for Rockdale Data Center

According to the filing, Riot DC Logistics, LLC, a wholly owned subsidiary of Riot Platforms, Inc. (NASDAQ:RIOT), entered into the Credit Agreement on August 10, 2026. The Lenders agreed to provide a senior secured delayed-draw term loan facility with an aggregate principal amount of up to $573.0 million. The filing states that the availability period commenced on August 10, 2026, and that proceeds are intended to fund the purchase of long-lead equipment and related project equipment, as well as certain other expenses, associated with the company's 191 critical IT MW data center project at its Rockdale Facility.

The Credit Agreement provides two interest rate options at the Borrower's election: the Adjusted Term SOFR rate plus an applicable margin of 2.75%, or the Base Rate plus an applicable margin of 1.75%. The Borrower is also obligated, according to the filing, to pay customary agency fees, an undrawn fee, and other customary fees. Loans under the Facility are scheduled to mature on December 31, 2026. The Borrower's obligations are guaranteed by each subsidiary of the Borrower and its affiliate, RPI AUS01-0H DC LLC, a Delaware limited liability company, identified collectively in the filing as the "Credit Parties."

The filing discloses that the Credit Agreement contains a non-recourse provision: "there shall be no recourse against the Company or any other direct or indirect parent of the Borrower, or their respective affiliates, other than the Credit Parties, for any liability arising in connection with any breach or default under the Credit Agreement." The filing notes customary exceptions, including for fraud, willful misrepresentation, or misappropriation of collateral proceeds. The Credit Agreement also includes customary representations, warranties, covenants, and events of default, including covenant limitations on indebtedness, liens, restricted payments, investments, transactions with affiliates, and changes in the nature of the Borrower's business. The full text of the Credit Agreement is to be filed as an exhibit to the company's Quarterly Report on Form 10-Q for the fiscal quarter ending September 30, 2026.

What Was Disclosed

Riot Platforms disclosed that its subsidiary entered into a $573.0 million delayed-draw term loan facility on August 10, 2026, with Morgan Stanley Senior Funding, Inc. as administrative agent, to finance equipment and expenses for a data center project at its Rockdale Facility, maturing December 31, 2026.