Hut 8 Announces US$50 Million Credit Facility

Hut 8 Mining Corp., a leading digital asset mining company, has announced a new credit facility of US$50 million with Coinbase Credit, Inc. The funds will be used for general corporate purposes and provide additional financial flexibility for Hut 8. The credit facility includes a term loan of US$15 million, with the option to draw an additional US$20 million and US$15 million in delayed-draw term loans in the future. All amounts borrowed will bear interest at a rate determined by the federal funds rate and a set percentage. The credit facility is secured by Hut 8’s Bitcoin holdings and guaranteed by the company. This development reinforces Hut 8’s position as a major player in the digital asset mining space and will support its ongoing Bitcoin treasury management strategy. With its advanced mining sites and impressive inventory of self-mined Bitcoin, Hut 8 is well-positioned to thrive in the evolving digital asset sector.