Coinbase Bitcoin-Backed Credit Facility

Hut 8 Corp.

Notes

Secured by BTC held in custody with Coinbase Custody Trust Company
Expanded from $100M to $200M in Dec 2025

Outstanding

$200.00M

Issue date

2023-06-01

Principal

$200.00M

Coupon

9.00%

Maturity

2026-07-16

Conversion price

—

Terms sources(2)

Form 8-K (credit facility expansion to $200M)
Expansion to $200M
Hut 8 Corp. — 2025-12-31
Source
Form 10-Q (Q3 2025)
Prior facility terms
Hut 8 Corp. — 2025-11-04
Source

Outstanding history(2)

As of	Outstanding	Locator	Source
2025-12-22	$200.00M	—	Source
2023-06-01	$200.00M	—	—

2025-12-22 — $200,000,000
filing — Hut 8 Corp.
Source
2023-06-01 — $200,000,000