secwatch.observer — SEC 8-K summary
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Issuer:     Hut 8 Corp. (HUT)
CIK:        0001964789
Form:       8-K
Filed at:   2025-08-29T23:59:59+00:00
Accession:  0001104659-25-085775
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964789/000110465925085775/0001104659-25-085775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964789/000110465925085775/tm2524762d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-085775

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