Hut 8 has announced an expansion of its Bitcoin-backed credit line with Coinbase, increasing the maximum loan amount by $70 million to a total of $200 million. According to documents released on January 3, the amended credit agreement, signed on December 22, 2025, allows for the full withdrawal of the newly added funds. The loan remains secured by Bitcoin held with Coinbase Custody Trust Company, with Coinbase's recourse limited to the pledged collateral. As of the third quarter, Hut 8 disclosed an outstanding loan amount of $130 million under the Coinbase credit facility, with an annual interest rate of approximately 9%.