Coinbase Bitcoin-backed credit facility amendment
Company: Hut 8
What the later record shows
Not a promise: a reported event · happened June 16, 2025
The amendment expanding the facility to $130M at a fixed 9% with June 16, 2026 maturity was signed June 16, 2025, before the August 2025 claim. By September 30, 2025, $130M was outstanding.
“On June 16, 2025, we entered into a Third Amended and Restated Credit Agreement with Coinbase Credit, Inc.”
2026-02-24 · Hut 8 10-K filed 2026-02-25 View cached copy (2026-08-31)Live source ↗
“amend and expand our Bitcoin-backed credit facility from $65.0 million to up to $130.0 million, and extend the maturity date to June 16, 2026”
2026-02-24 · Hut 8 10-K filed 2026-02-25 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Hut 8 amended its Bitcoin-backed credit facility with Coinbase, expanding it from $65 million to up to $130 million, extending maturity to June 16, 2026, and moving to a fixed 9.0% interest rate.
Source (primary)
hut-8 8-K exhibit (hut-20250807xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-08)Live source ↗
Quote: “Amended the Company ’ s Bitcoin-backed credit facility with Coinbase, expanding the facility from $65 million to up to $130 million, extending the maturity date to June 16, 2026, and transitioning from a floating-rate structure to a fixed interest rate of 9.0%”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The press release states the Coinbase facility amendment, the expansion from $65 million to $130 million, the new June 16, 2026 maturity, and the fixed 9.0% rate.
Confirmed in the source:
- Hut 8 amended its Bitcoin-backed credit facility with Coinbase
- The facility was expanded from $65 million to up to $130 million
- The maturity date was extended to June 16, 2026
- The facility moved from a floating-rate structure to a fixed interest rate of 9.0%
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1964789/000155837025010632/hut-20250807xex99d1.htm) in full (22,441 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms hut-8 8-K exhibit (hut-20250807xex99d1.htm)
Quote: “Amended the Company ’ s Bitcoin-backed credit facility with Coinbase, expanding the facility from $65 million to up to $130 million, extending the maturity date to June 16, 2026, and transitioning from a floating-rate structure to a fixed interest rate of 9.0%”