---
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"
generated_at: "2026-05-17T09:19:52.380352+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hut 8 secures $200M Bitcoin-backed revolving credit facility at 7.99% interest

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-085775
- JSON: https://secwatch.observer/filing/0001104659-25-085775.json
- Plain text: https://secwatch.observer/filing/0001104659-25-085775.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1964789/000110465925085775/0001104659-25-085775-index.htm

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