Bitcoin (BTC) miner Riot Platforms (RIOT) has struck a $100 million credit agreement with Coinbase’s credit arm, using bitcoin as collateral to secure short-term funding for its ongoing expansion.

The publicly traded mining firm said in a press release it would draw on the facility over the next two months. The deal offers Riot, which currently holds 19,223 BTC worth over $1.8 billion, a line of credit that avoids issuing new shares.

“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, issued by Coinbase Credit, comes with a variable interest rate: borrowers will pay at least 7.75% annually, calculated as the greater of 3.25% or the federal funds rate upper bound, plus 4.5%. The loan term is 364 days, though Riot may seek a one-year extension if Coinbase agrees to it.

The credit facility is secured by a portion of Riot’s total bitcoin reserves. The firm said it will use the funds “to pursue key strategic initiatives and for general corporate purposes.”

Coinbase has been making other similar deals. Just last week, healthcare technology firm Semler Scientific (SMLR) announced it reached an agreement with Coinbase to borrow cash via a loan secured by its bitcoin holdings.

Hut 8 (HUT), another bitcoin miner, has also leveraged a bitcoin-backed credit facility with Coinbase in the past.

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