Hut 8 Corp. (HUT): debt financing — Hut 8 amends Coinbase credit: $130M capacity, 9% interest, maturity June 2026

Hut 8 Corp.

Credit facility increased by $65M to $130M; maturity extended to June 16, 2026.
Interest set at 9.0% per annum; early termination fee eliminated; recourse limited to Bitcoin held at Coinbase Custody.
Stockholders elected all eight director nominees and approved say-on-pay, KPMG ratification, and omnibus plan amendment at June 18 annual meeting.

item 1.01 item 2.03 item 5.07 item 9.01

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 $130,000,000 with Coinbase Credit, Inc. at 9.0% maturing June 16, 2026.

Instrument: credit facility
Principal: up to $130,000,000
Counterparty: Coinbase Credit, Inc.
Rate: 9.0%
Maturity: June 16, 2026
Event: amendment

Exact text from the filing

The Third Amended and Restated Credit Agreement amends and restates the Second Amended and Restated Credit Agreement to, among other things: (i) extend the final maturity date to June 16, 2026; (ii) increase the principal amount by up to $65,000,000 of additional borrowings, if any, resulting in a total principal amount of up to $130,000,000; (iii) modify the interest rate such that amounts that are borrowed will bear interest at a rate equal to 9.0%

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Hut 8 Corp. filing history →

Source: SEC EDGAR

accession 0001558370-25-008803

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