- Hut 8 expanded a credit facility with Coinbase to $200 million.
- The company said it will use the funds for “general corporate purposes,” in an amended filing.
- The move follows a $7 billion, 15-year, 245 MW deal with Fluidstack to power an AI data center.
- Hut 8 stock rose about 134% over the past year and trades near $51.27.
- Hut 8 holds 13,696 BTC (about $1.2 billion) and American Bitcoin holds 5,098 BTC (about $458 million).
Hut 8 expanded its credit facility with Coinbase to $200 million, according to an amended filing linked in an amended filing with the SEC. The company said it will deploy the capital for “general corporate purposes,” in that same filing.
The financing boost follows a December agreement to supply 245 megawatts of energy to an AI data center over 15 years, a deal the company described in an agreement with Fluidstack. The firm called the arrangement one of the largest collaborations between a crypto-native company and an AI infrastructure provider.
Hut 8 has seen strong stock performance, gaining more than 134% over the last year and trading at about $51.27, according to Yahoo Finance. The company also broadened its operations into AI and high-performance computing and increased its Bitcoin mining footprint via majority ownership in American Bitcoin.
Bitcoin miners faced tight margins in 2025 after the April 2024 halving cut the block subsidy from 6.25 BTC to 3.125 BTC, compounded by rising energy costs. Miners also contend with U.S. tariffs and supply concerns tied to geopolitical tensions with China, a major ASIC manufacturer.
Holdings data show Hut 8 controls 13,696 BTC, valued at roughly $1.2 billion, per BitcoinTreasuries.Net. American Bitcoin holds 5,098 BTC, about $458 million, as listed on BitcoinTreasuries.
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