secwatch / observer
8-K filed December 31, 2025, 6:59 PM ET ticker HUT CIK 0001964789
debt confidence high sentiment neutral materiality 0.60

Hut 8 boosts Coinbase credit facility by $70M to $200M, draws full amount

Hut 8 Corp.

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. amended credit facility of up to $200,000,000 with Coinbase Credit, Inc..

Instrument
credit facility
Principal
up to $200,000,000
Counterparty
Coinbase Credit, Inc.
Event
amendment
Exact text from the filing
The Fourth Amended and Restated Credit Agreement amends and restates the Third Amended and Restated Credit Agreement primarily to increase the principal amount by up to $70,000,000 of additional borrowings, if any, resulting in a total principal amount of up to $200,000,000.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hut 8 Corp. amended Fourth Amended and Restated Credit Agreement with Coinbase Credit, Inc. valued at up to $200,000,000 (effective 2025-12-22).

Action
amendment
Agreement
credit facility
Counterparty
Coinbase Credit, Inc.
Value
up to $200,000,000
Effective
2025-12-22
Exact text from the filing
On December 22, 2025, Hut 8 Mining Corp., a British Columbia corporation (the “Borrower”), a wholly owned subsidiary of Hut 8 Corp. (the “Company”), entered into an amended and restated credit agreement (the “Fourth Amended and Restated Credit Agreement”) between the Borrower, as borrower, and Coinbase Credit, Inc. (“Coinbase”), as lender, collateral agent, and administrative agent. The Fourth Amended and Restated Credit Agreement amended and restated the Company’s existing credit agreement with Coinbase, dated as of June 26, 2023 and subsequently amended and restated on January 12, 2024, June 17, 2024 and June 16, 2025, and further amended on August 1, 2025 (as amended, the “Third Amended and Restated Credit Agreement”). The Fourth Amended and Restated Credit Agreement amends and restates the Third Amended and Restated Credit Agreement primarily to increase the principal amount by up to $70,000,000 of additional borrowings, if any, resulting in a total principal amount of up to $200,0
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Hut 8 Corp. filing history →

Source: SEC EDGAR
accession 0001104659-25-125613
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