<ul data-eligibleForWebStory="true"><li>Hut 8 has doubled its Bitcoin-backed credit facility with Coinbase to $130 million, introducing enhanced terms for improved capital efficiency.</li><li>The revised credit agreement provides up to $65 million in additional non-dilutive capital, allowing for growth opportunities without issuing new equity.</li><li>The structure has transitioned from a floating interest rate to a fixed 9.0% rate, reducing Hut 8's cost of capital.</li><li>The agreement includes improved collateral protections like limited recourse and a no-rehypothecation clause.</li><li>Hut 8's CEO, Asher Genoot, emphasized the company's focus on non-dilutive financing and disciplined capital deployment.</li><li>CFO Sean Glennan highlighted that the facility strengthens its strategic value with enhanced borrower protections.</li><li>Matt Boyd from Coinbase mentioned a commitment to capital efficiency and responsible scaling within the digital infrastructure space.</li><li>The move allows Hut 8 to pursue growth while maintaining financial discipline in response to increased institutional interest in crypto-backed lending.</li><li>The news was reported by Coindoo.</li></ul>

Hut 8 Doubles Bitcoin-Backed Credit Facility With Coinbase to $130M

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