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Hut 8 | 8-K: Current report

SEC announcement ·  Jan 19 00:00
Summary by Moomoo AI
On January 12, 2024, Hut 8 Mining Corp., a subsidiary of Hut 8 Corp., entered into an amended and restated credit agreement with Coinbase Credit, Inc. The new agreement modifies the existing credit terms from June 26, 2023, providing Hut 8 Mining with a $15.0 million loan facility and setting conditions for partial repayment based on Bitcoin's market value. The agreement also outlines interest rates and stipulates no early termination fee under certain conditions. The credit facility, secured by Bitcoin holdings, is intended for general corporate purposes and has a maturity of 364 days from the first borrowing.
On January 12, 2024, Hut 8 Mining Corp., a subsidiary of Hut 8 Corp., entered into an amended and restated credit agreement with Coinbase Credit, Inc. The new agreement modifies the existing credit terms from June 26, 2023, providing Hut 8 Mining with a $15.0 million loan facility and setting conditions for partial repayment based on Bitcoin's market value. The agreement also outlines interest rates and stipulates no early termination fee under certain conditions. The credit facility, secured by Bitcoin holdings, is intended for general corporate purposes and has a maturity of 364 days from the first borrowing.
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