Removal of Coinbase partial repayment notice right
Company: Hut 8
The claim, verbatim
Coinbase loses right to deliver partial repayment notices if Bitcoin price falls below the higher of $25,000 or 60% of the January 12, 2024 reference price
Source (primary)
Hut 8 8-K filed 2024-06-24 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Second Amended and Restated Credit Agreement also removes the right for Coinbase to deliver a partial repayment notice to the Borrower if the price of Bitcoin on Coinbase's digital currency exchange platform (the "Prevailing Market Value") is less than the higher of (x) $25,000 and (y) 60% of the Prevailing Market Value on the effective date of the First Amended and Restated Credit Agreement”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing describes the removal of this repayment-notice right and its trigger, and it dates the First Amended and Restated Credit Agreement to January 12, 2024. That date is the reference date the claim uses.
Confirmed in the source:
- The amended agreement removes Coinbase's right to deliver a partial repayment notice to the borrower
- The removed right was triggered if the Bitcoin price fell below the higher of $25,000 or 60% of the Prevailing Market Value on the effective date of the First Amended and Restated Credit Agreement
- The First Amended and Restated Credit Agreement dates to January 12, 2024
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: “The Second Amended and Restated Credit Agreement also removes the right for Coinbase to deliver a partial repayment notice to the Borrower if the price of Bitcoin on Coinbase's digital currency exchange platform (the "Prevailing Market Value") is less than the higher of (x) $25,000 and (y) 60% of the Prevailing Market Value on the effective date of the First Amended and Restated Credit Agreement”