Hut 8 Expands Credit Facility with Coinbase to $200 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Credit Line Expansion: Hut 8 has expanded its credit facility with Coinbase to $200 million, increasing the previous cap by $70 million, and immediately drew the full amount to support general corporate purposes, enhancing liquidity.
- Stable Loan Structure: Despite the increase in credit capacity, most economic terms of the loan remain unchanged, with an interest rate of approximately 9%, providing necessary financial flexibility amid thin bitcoin mining margins.
- Industry Trend Reflection: Hut 8's move highlights a broader industry shift as more miners rely on bitcoin-backed loans to unlock liquidity without selling digital assets or issuing new equity, maintaining competitiveness in a compressed mining economy.
- Positive Market Reaction: Hut 8's shares jumped 20% following this announcement, indicating market approval of the company's financial strategy and further solidifying its position in the bitcoin mining sector.
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.






