share_log

Hut 8 | 8-K: Current report

SEC announcement ·  Jan 19 13:00
Summary by Futu 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.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.