11:59 AM EDT, 06/24/2025 (MT Newswires) -- (Updates shares.)

Hut 8 ( HUT ) said it agreed to amend and expand its bitcoin-backed credit facility with Coinbase Credit to US$130 million from US$65 million and to extend the maturity date to July 16, 2026.

The amended facility includes up to US$65 million in incremental, non-dilutive capital, conversion from a floating-rate structure to a fixed interest rate of 9.0%, and collateral and borrower protections including an improved limited recourse structure. The fixed interest rate compares to a stated interest rate ranging from 10.5% to 11.5% between the quarter ended December 31, 2023, and the quarter ended March 31, 2025.

Hut 8 ( HUT ) shares were last seen up $1.24 to $23.07 on the Toronto Stock Exchange.

Price: 23.08, Change: +1.25, Percent Change: +5.73