Hut 8 Expands Coinbase Credit Line to $200 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 04 2026- Credit Line Increase: Hut 8 has expanded its credit facility with Coinbase to $200 million, demonstrating strong capital access and signaling confidence in future growth amidst industry pressures.
- Strategic Transformation: The company is transitioning from pure Bitcoin mining to energy-backed digital infrastructure, exemplified by a long-term deal with Fluidstack to supply 245 megawatts of power over 15 years, valued at approximately $7 billion, which enhances its position in the compute economy.
- Positive Market Response: Hut 8's shares have surged over 130% in the past year, reaching around $51, reflecting investor confidence in its diversification strategy, especially as many miners struggle with shrinking margins and volatile cash flows.
- Bitcoin Accumulation Strategy: Despite a challenging mining environment, Hut 8 continues to accumulate Bitcoin, holding 13,696 BTC worth over $1 billion, contrasting sharply with many miners who have been forced to sell coins to cover operational costs.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
