$70M increase to credit facility with Coinbase; $200M total capacity
Company: Hut 8
The claim, verbatim
On December 22, 2025, Hut 8 Mining Corp. entered into a fourth amended and restated credit agreement with Coinbase Credit, Inc., increasing the credit facility by $70,000,000 to a total principal amount of up to $200,000,000. The company immediately borrowed the full $70,000,000. The obligations are secured by Bitcoin held by Coinbase Custody with no custodial fees charged.
Source (primary)
Hut 8 8-K filed 2025-12-31 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “entered into an amended and restated credit agreement... increased the principal amount by up to $70,000,000 of additional borrowings, if any, resulting in a total principal amount of up to $200,000,000. The Borrower borrowed the additional funds, in full, on December 22, 2025... Borrower's obligations under the Fourth Amended and Restated Credit Agreement are secured by the Borrower's interest in certain Bitcoin held in the custody of Coinbase Custody Trust Company, LLC... Coinbase Custody will not charge the Borrower any custodial fees for such Bitcoin collateral.”
How we checked this
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Additional evidence
confirms Hut 8 8-K filed 2025-12-31
Quote: “entered into an amended and restated credit agreement... increased the principal amount by up to $70,000,000 of additional borrowings, if any, resulting in a total principal amount of up to $200,000,000. The Borrower borrowed the additional funds, in full, on December 22, 2025... Borrower's obligations under the Fourth Amended and Restated Credit Agreement are secured by the Borrower's interest in certain Bitcoin held in the custody of Coinbase Custody Trust Company, LLC... Coinbase Custody will not charge the Borrower any custodial fees for such Bitcoin collateral.”