According to online reports, Bitcoin mining company Riot Platforms (NASDAQ: RIOT) announced that it has successfully partnered with Coinbase Credit, Inc. (a subsidiary of Coinbase Global, Inc.) has increased its existing $100 million credit line to $200 million. According to the announcement, the terms of the expanded credit line are the same as the existing credit line, including applicable interest rates. Riot plans to use the money for key strategic plans and general corporate purposes. All borrowings will bear interest at an annual rate equal to the federal funds rate cap (or 3.25%, whichever is higher) plus 4.50%. The credit line will expire 364 days after the effective date, but the company can request an extension of the expiration date for another 364 days, provided Coinbase agrees. The borrowing will be guaranteed by a portion of the company's Bitcoin holdings.