Hut 8 Corp. (HUT): debt financing — Hut 8 secures $200M Bitcoin-backed revolving credit facility at 7.99% interest

Hut 8 Corp.

Credit agreement with Two Prime Lending Ltd. for up to $200M revolving credit facility.
Interest rate of 7.99% per annum; facility matures 364 days after first draw.
Collateralized by Bitcoin held at BitGo Trust Company; recourse limited to collateral.
Margin call triggered if collateral-to-loan ratio falls to ≤135%; must post to restore 160%.
Borrower may request collateral release if ratio ≥190% for three consecutive calendar days.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Hut 8 Corp. incurred revolving credit of up to $200 million with Two Prime Lending Limited at 7.99% per annum maturing 364 days after the date of the first borrowing.

Instrument: revolving credit
Principal: up to $200 million
Counterparty: Two Prime Lending Limited
Rate: 7.99% per annum
Maturity: 364 days after the date of the first borrowing
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a revolving credit facility of up to $200 million. Amounts borrowed under the Credit Agreement will bear interest at a rate equal to 7.99% per annum. The facility will mature 364 days after the date of the first borrowing

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Source: SEC EDGAR

accession 0001104659-25-085775

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