Hut 8 Corp. (NASDAQ:HUT) expanded its strategic partnership with Coinbase Credit Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ:COIN), announcing a revised agreement that doubles the size of its Bitcoin-secured credit facility and extends its maturity by over a year.
Through a newly amended credit deal, the digital infrastructure and energy platform boosted its borrowing capacity from $65 million to as much as $130 million while locking in a fixed 9.0% interest rate and pushing the loan’s maturity to July 16, 2026.
The agreement introduces several benefits for Hut 8, including a shift from a floating to a fixed interest …