Hut 8 Corp. (HUT) has expanded its Bitcoin-backed credit facility with Coinbase Credit to $130 million, doubling its available capital while securing improved financial terms. The amended agreement, announced Tuesday, is designed to support Hut 8’s strategy of scaling its power and computing infrastructure while maintaining financial discipline.
The new deal adds $65 million in fresh capital and shifts the entire facility to a fixed interest rate of 9 percent, down from a prior floating rate that ranged between 10.5 and 11.5 percent over the past several quarters. The maturity date for the expanded loan has also been extended to July 2026.
The facility remains backed by Bitcoin collateral, which will continue to be protected by a no-rehypothecation clause, meaning the pledged assets cannot be lent out again by Coinbase. Hut 8 also benefits from an improved limited recourse structure, providing additional safeguards around its digital asset holdings.
This development comes as Hut 8 positions itself to capitalize on a wave of next-generation infrastructure opportunities. With 1,020 megawatts of energy capacity under management across 15 sites in North America, the company is leveraging its integrated platform to serve energy-intensive workloads like Bitcoin mining and high-performance computing.
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