Bitcoin collateral custody arrangement with Coinbase
Company: Hut 8
The claim, verbatim
Borrower obligations secured by Bitcoin held in custody of Coinbase Custody Trust Company with limited recourse structure
Source (primary)
Hut 8 8-K filed 2025-06-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Borrower's obligations under the Third 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 and Coinbase's recourse is limited to such Bitcoin held in the custody of Coinbase Custody”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Hut 8 8-K filed 2025-06-23
Quote: “The Borrower's obligations under the Third 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 and Coinbase's recourse is limited to such Bitcoin held in the custody of Coinbase Custody”