Coinbase credit facility interest rate terms
Company: Hut 8
The claim, verbatim
Interest rate on borrowed amounts set to the greater of federal funds rate or 3.25%, plus 6.0%
Source (primary)
Hut 8 8-K filed 2024-06-24 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “modify the interest rate such that amounts that are borrowed will bear interest at a rate equal to (a) the greater of (x) the federal funds rate on the date of the applicable borrowing and (y) 3.25%, plus (b) 6.0%”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Hut 8 8-K filed 2024-06-24
Quote: “modify the interest rate such that amounts that are borrowed will bear interest at a rate equal to (a) the greater of (x) the federal funds rate on the date of the applicable borrowing and (y) 3.25%, plus (b) 6.0%”