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
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing sets out this exact interest rate formula as part of the amended agreement.
Confirmed in the source:
- Borrowed amounts bear interest at the greater of the federal funds rate on the borrowing date or 3.25%, plus 6.0%
- The interest rate was modified by the Second Amended and Restated Credit Agreement
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000155837024009445/hut-20240617x8k.htm) in full (6,787 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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%”