Interest rate on Coinbase credit facility
Company: Hut 8
The claim, verbatim
Borrowed amounts will bear interest at a rate equal to the greater of the federal funds rate or 3.25%, plus 5.0%.
Source (primary)
Hut 8 8-K filed 2024-01-19 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “amounts that are borrowed will bear interest at a rate equal to (a) the greater of (i) the federal funds rate on the date of the applicable borrowing and (ii) 3.25%, plus (b) 5.0%”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states the interest rate is the greater of the federal funds rate on the borrowing date and 3.25%, plus 5.0%, which matches the claim.
Confirmed in the source:
- Borrowed amounts bear interest at the greater of the federal funds rate (on the date of the applicable borrowing) or 3.25%, plus 5.0%
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465924005229/tm243483d1_8k.htm) in full (5,860 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 8-K filed 2024-01-19
Quote: “amounts that are borrowed will bear interest at a rate equal to (a) the greater of (i) the federal funds rate on the date of the applicable borrowing and (ii) 3.25%, plus (b) 5.0%”