{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-085775","form_type":"8-K","ticker":"HUT","cik":"0001964789","company_name":"Hut 8 Corp.","filed_at":"2025-08-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.713745+00:00","generated_at":"2026-05-17T09:19:52.380352+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hut 8 secures $200M Bitcoin-backed revolving credit facility at 7.99% interest","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-085775","json":"https://secwatch.observer/filing/0001104659-25-085775.json","markdown":"https://secwatch.observer/filing/0001104659-25-085775.md","text":"https://secwatch.observer/filing/0001104659-25-085775.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1964789/000110465925085775/0001104659-25-085775-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1964789/000110465925085775/tm2524762d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T09:19:52.380352+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":"7e0e79f9b186202d31dd6e41cac19c3e1c06787f","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1964789/000110465925085775/0001104659-25-085775-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $200 million"},{"label":"Counterparty","value":"Two Prime Lending Limited"},{"label":"Rate","value":"7.99% per annum"},{"label":"Maturity","value":"364 days after the date of the first borrowing"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}