Bitcoin mining company Hut 8 will expand its Bitcoin credit line with Coinbase to $130 million

the publicly listed Bitcoin mining company Hut 8 announced a revision and expansion of its Bitcoin collateralized credit line with Coinbase Credit, increasing it from the original $65 million to up to $130 million, and extending the loan term to July 16, 2026.

This adjustment includes a fixed interest rate reduced to 9%, improved collateral structure, and new non-dilutive funding, which will support Hut 8's expansion plans in high-performance computing and Bitcoin mining.