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
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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.”