Coinbase Credit facility
Company: Hut 8
The claim, verbatim
$50 million credit agreement with Coinbase Credit dated June 26, 2023, providing $15 million term loan and options for $20 million and $15 million delayed-draw tranches
Source (primary)
Hut 8 8-K filed 2023-12-01 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Hut 8, through its wholly-owned subsidiary Hut 8 Holdings, entered into a $50 million credit agreement with Coinbase Credit, Inc., ("Coinbase Credit") dated June 26, 2023 (the "Coinbase Agreement"). The Coinbase Agreement provides a $15 million term loan, an option of drawing an additional $20 million delayed-draw term loan tranche between one and two months following closing and an option of drawing an additional $15 million delayed-draw term loan tranche within 15 business days following the completion of the Business Combination.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing describes the Coinbase credit agreement with exactly these amounts, tranches and date.
Confirmed in the source:
- $50 million credit agreement with Coinbase Credit, Inc.
- Agreement dated June 26, 2023
- Provides a $15 million term loan
- Option for an additional $20 million delayed-draw tranche
- Option for an additional $15 million delayed-draw tranche
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465923122902/tm2331643d4_8k.htm) in full (36,925 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 8-K filed 2023-12-01
Quote: “Hut 8, through its wholly-owned subsidiary Hut 8 Holdings, entered into a $50 million credit agreement with Coinbase Credit, Inc., ("Coinbase Credit") dated June 26, 2023 (the "Coinbase Agreement"). The Coinbase Agreement provides a $15 million term loan, an option of drawing an additional $20 million delayed-draw term loan tranche between one and two months following closing and an option of drawing an additional $15 million delayed-draw term loan tranche within 15 business days following the completion of the Business Combination.”