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
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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”