secwatch.observer — SEC 8-K summary
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Issuer:     Hut 8 Corp. (HUT)
CIK:        0001964789
Form:       8-K
Filed at:   2025-12-31T23:59:59+00:00
Accession:  0001104659-25-125613
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964789/000110465925125613/0001104659-25-125613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964789/000110465925125613/hut-20251222x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-125613

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