---
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"
generated_at: "2026-06-06T21:31:11.108679+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hut 8 subsidiary amends Coinbase credit agreement, adds $15M Loan D facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-005229
- JSON: https://secwatch.observer/filing/0001104659-24-005229.json
- Plain text: https://secwatch.observer/filing/0001104659-24-005229.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: loan D facility of $15.0 million
  - Counterparty: Coinbase Credit, Inc.
  - Rate: federal funds rate on the date of the applicable borrowing and (ii) 3.25%, plus
  - Maturity: 364 days after the date of the first borrowing
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1964789/000110465924005229/0001104659-24-005229-index.htm
- Material Agreements
  Hut 8 Corp. amended Amended and Restated Credit Agreement with Coinbase Credit, Inc. valued at $15.0 million (effective 2024-01-12).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Coinbase Credit, Inc.
  - Value: $15.0 million
  - Effective: 2024-01-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1964789/000110465924005229/0001104659-24-005229-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.