{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-005229","form_type":"8-K","ticker":"HUT","cik":"0001964789","company_name":"Hut 8 Corp.","filed_at":"2024-01-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.387817+00:00","generated_at":"2026-06-06T21:31:11.108679+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hut 8 subsidiary amends Coinbase credit agreement, adds $15M Loan D facility","bullets":["New $15M Loan D facility available from Coinbase Credit; total facility up to $65M.","Interest rate: greater of federal funds rate and 3.25% + 5.0% margin (min 8.25%).","Prepayment trigger if Bitcoin price < $25,000 or 60% of initial price (whichever higher).","No early termination fee if prepay within 24 hrs of deleveraging trigger or OSC requirement.","Loan matures 364 days after first borrowing; collateralized by Bitcoin held at Coinbase Custody."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-005229","json":"https://secwatch.observer/filing/0001104659-24-005229.json","markdown":"https://secwatch.observer/filing/0001104659-24-005229.md","text":"https://secwatch.observer/filing/0001104659-24-005229.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1964789/000110465924005229/0001104659-24-005229-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1964789/000110465924005229/tm243483d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T21:31:11.108679+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d385e256cf5e5f4280303bf7068f164ef139ebc","claim":"Hut 8 Corp. amended credit facility of loan D facility of $15.0 million with Coinbase Credit, Inc. at federal funds rate on the date of the applicable borrowing and (ii) 3.25%, plus maturing 364 days after the date of the first borrowing.","evidence_excerpt":"Agreement amends and restates the 2023 Credit Agreement to, among other things: (i) make available to the Borrower for drawing during the applicable period a loan D facility of $15.0 million; (ii) establish a right for Coinbase to deliver a partial repayment notice to the Borrower if the price of Bitcoin on Coinbase’s digital currency exchange platform (the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1964789/000110465924005229/0001104659-24-005229-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"loan D facility of $15.0 million"},{"label":"Counterparty","value":"Coinbase Credit, Inc."},{"label":"Rate","value":"federal funds rate on the date of the applicable borrowing and (ii) 3.25%, plus"},{"label":"Maturity","value":"364 days after the date of the first borrowing"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"ab02f1435f22875ff43671ed1cf672b04f3a9a20","claim":"Hut 8 Corp. amended Amended and Restated Credit Agreement with Coinbase Credit, Inc. valued at $15.0 million (effective 2024-01-12).","evidence_excerpt":"On January 12, 2024, Hut 8 Mining Corp. , a British Columbia corporation (the “Hut 8 Mining” or the “Borrower”), a wholly owned subsidiary of Hut 8 Corp. (the “Company”) entered into an amended and restated credit agreement (the “Amended and Restated Credit Agreement”) between Hut 8 Mining, as borrower, and Coinbase Credit, Inc. (“Coinbase”), as lender, collateral agent, and administrative agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1964789/000110465924005229/0001104659-24-005229-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Coinbase Credit, Inc."},{"label":"Value","value":"$15.0 million"},{"label":"Effective","value":"2024-01-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}