---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-125613"
form_type: "8-K"
ticker: "HUT"
cik: "0001964789"
company_name: "Hut 8 Corp."
filed_at: "2025-12-31T23:59:59+00:00"
generated_at: "2026-05-16T11:56:05.220998+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Fourth amended credit agreement with Coinbase Credit increases total principal to $200M from $130M, effective Dec 22, 2025.
- Hut 8 Mining Corp. (wholly owned subsidiary) borrowed the additional $70M in full on Dec 22 for general corporate purposes.
- Loan secured by Bitcoin held at Coinbase Custody; recourse limited to that collateral; no custodial fees for collateral.
- Material terms including interest rate, maturity, payment, and acceleration provisions remain unchanged from prior agreement.
- Credit agreement is with Coinbase Credit, Inc. as lender, collateral agent, and administrative agent.

## SEC filing metadata
- accession: 0001104659-25-125613
- form_type: 8-K
- ticker: HUT
- cik: 0001964789
- company_name: Hut 8 Corp.
- filed_at: 2025-12-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1964789/000110465925125613/0001104659-25-125613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1964789/000110465925125613/hut-20251222x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-125613
- JSON: https://secwatch.observer/filing/0001104659-25-125613.json
- Plain text: https://secwatch.observer/filing/0001104659-25-125613.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1964789/000110465925125613/0001104659-25-125613-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1964789/000110465925125613/0001104659-25-125613-index.htm

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