Riot Platforms (RIOT), a major participant in bitcoin mining, has secured a $100 million credit agreement from Coinbase, leveraging bitcoin as collateral to facilitate short-term funding for ongoing growth initiatives.

The publicly listed mining firm announced in a press release that it plans to utilize the credit line within the next two months, avoiding the need to issue new shares despite holding 19,223 BTC valued at over $1.8 billion.

“This credit facility is a key part of our efforts to diversify sources of financing to support our operations and strategic growth initiatives, with a view towards long-term stockholder value creation,” said CEO Jason Les in a statement.

The loan comes with an adjustable interest rate of a minimum of 7.75% annually and a duration of 364 days, backed by a fraction of Riot’s bitcoin reserves. If Coinbase consents, Riot may pursue a one-year extension. The funds are earmarked for essential strategic projects and corporate operations.

Coinbase has engaged in similar agreements recently. Last week, healthcare technology firm Semler Scientific (SMLR) announced a borrowing arrangement with Coinbase backed by its bitcoin assets. Bitcoin miner Hut 8 (HUT) has also utilized a bitcoin-secured credit facility with Coinbase previously.