Yahoo Crypto Market • October 8th 2026, 1:02 PM
Riot Platforms’ $573 Million Bridge Loan Comes Due December 31 as Shares Fall 8% in October’s First Week. Time to Sell or Load Up?
Key Summary
Riot Platforms, Inc. is facing a $573 million bridge loan that matures on December 31, 2026, with shares falling 8% in October. The company plans to execute takeout financing in the coming months, but a loan to AMD and a potential bridge loan settlement will determine its future. Analysts remain bullish, with 14 Buys and 7 Outperforms, and the company's power position adds to its case for owning shares.
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Financing Plan Behind Riot Platforms' Second-Quarter Results
Riot Platforms, Inc. has an up-to-$573 million delayed-draw facility from Morgan Stanley. The loan funds long-lead equipment for the 191-megawatt AI lab build at Rockdale. Under the August 10 Form 8-K, loans mature on December 31, 2026, subject to the agreement's terms. Riot is targeting rent on the first 96 megawatts in December 2027.CEO Jason Les' Comments on Rockdale and Corsicana
CEO Jason Les said Rockdale and Corsicana 'are not subject to the batch process,' the ERCOT process he described as handling an unprecedented volume of data center interconnection requests. That is because their power already sits under existing interconnection agreements.Analysts' Outlook on Riot Platforms
Analysts lean bullish, with 14 Buys, 7 Outperforms, and 1 Hold. B. Riley raised its target to $33 from $28 on September 29, slightly above the ~$32 Street mean.#RiotPlatforms#US#Crypto#SEC