India, June 24 -- Hut 8 Corp. (HUT) has amended its credit agreement with Coinbase Credit, Inc., expanding its Bitcoin-backed loan facility from $65 million to $130 million and extending the maturity date to July 16, 2026.
The revised agreement introduces more favorable terms, including a fixed interest rate of 9.0%, down from the prior range of 10.5%-11.5%, and improved borrower protections, such as a limited recourse structure and a continued no-rehypothecation clause on pledged Bitcoin. This move provides Hut 8 with additional non-dilutive capital to support its growth pipeline in digital infrastructure and high-performance computing.
Hut 8 CEO Asher Genoot stated the revised agreement demonstrates a shared commitment with Coinbase to ...