Hut 8 Corp. Enters Material Definitive Agreement
Ticker: HUT · Form: 8-K · Filed: Dec 31, 2025 · CIK: 1964789
Sentiment: neutral
Topics: material-agreement, financial-obligation, filing
TL;DR
Hut 8 Corp. just signed a big deal with new financial obligations.
AI Summary
On December 22, 2025, Hut 8 Corp. entered into a material definitive agreement, creating a direct financial obligation. The filing details financial statements and exhibits related to this agreement. The company, incorporated in Delaware, operates in Finance Services and is headquartered in Miami, Florida.
Why It Matters
This filing indicates Hut 8 Corp. has entered into a significant new agreement that will create financial obligations for the company, impacting its financial standing.
Risk Assessment
Risk Level: medium — Entering into new material definitive agreements and financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.
Key Numbers
- 001-41864 — SEC File Number (Identifies the specific SEC filing for Hut 8 Corp.)
- 92-2056803 — IRS Employer Identification No. (Tax identification number for Hut 8 Corp.)
Key Players & Entities
- Hut 8 Corp. (company) — Registrant
- December 22, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Miami, Florida (location) — Address of Principal Executive Offices
- 6199 (sic_code) — Standard Industrial Classification
FAQ
What type of material definitive agreement did Hut 8 Corp. enter into?
The filing states that Hut 8 Corp. entered into a material definitive agreement, but the specific nature of the agreement is not detailed in the provided text.
What are the specific financial obligations created by this agreement?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the exact details and amounts are not specified in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 22, 2025.
Where is Hut 8 Corp.'s principal executive office located?
Hut 8 Corp.'s principal executive office is located at 1101 Brickell Avenue, Suite 1500, Miami, Florida 33131.
What is Hut 8 Corp.'s Standard Industrial Classification code?
Hut 8 Corp.'s Standard Industrial Classification code is 6199, which falls under Finance Services.
Filing Stats: 777 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2025-12-31 16:15:12
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share HUT The Nasdaq Stock Mark
- $70,000,000 — increase the principal amount by up to $70,000,000 of additional borrowings, if any, resul
- $200,000,000 — ng in a total principal amount of up to $200,000,000. The remaining material terms in the Fo
Filing Documents
- hut-20251222x8k.htm (8-K) — 44KB
- hut-20251222xex10d1.htm (EX-10.1) — 578KB
- 0001104659-25-125613.txt ( ) — 817KB
- hut-20251222.xsd (EX-101.SCH) — 3KB
- hut-20251222_lab.xml (EX-101.LAB) — 16KB
- hut-20251222_pre.xml (EX-101.PRE) — 10KB
- hut-20251222x8k_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On December 22, 2025, Hut 8 Mining Corp., a British Columbia corporation (the "Borrower"), a wholly owned subsidiary of Hut 8 Corp. (the "Company"), entered into an amended and restated credit agreement (the "Fourth Amended and Restated Credit Agreement") between the Borrower, as borrower, and Coinbase Credit, Inc. ("Coinbase"), as lender, collateral agent, and administrative agent. The Fourth Amended and Restated Credit Agreement amended and restated the Company's existing credit agreement with Coinbase, dated as of June 26, 2023 and subsequently amended and restated on January 12, 2024, June 17, 2024 and June 16, 2025, and further amended on August 1, 2025 (as amended, the "Third Amended and Restated Credit Agreement"). The Fourth Amended and Restated Credit Agreement amends and restates the Third Amended and Restated Credit Agreement primarily to increase the principal amount by up to $70,000,000 of additional borrowings, if any, resulting in a total principal amount of up to $200,000,000. The remaining material terms in the Fourth Amended and Restated Credit Agreement, including the interest rate, maturity date, payment terms, and acceleration provisions, remained in line with the terms included in the Third Amended and Restated Credit Agreement. The Borrower borrowed the additional funds, in full, on December 22, 2025. The funds made available pursuant to the Fourth Amended and Restated Credit Agreement are expected to be used for general corporate purposes. The Borrower's obligations under the Fourth Amended and Restated Credit Agreement are secured by the Borrower's interest in certain Bitcoin held in the custody of Coinbase Custody Trust Company, LLC ("Coinbase Custody") and Coinbase's recourse is limited to such Bitcoin held in the custody of Coinbase Custody. Coinbase Custody will not charge the Borrower any custodial fees for such Bitcoin collateral. The foregoing description of the Fourth Amende
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1 Fourth Amended and Restated Credit Agreement, dated as of December 22, 2025, between Hut 8 Mining Corp. and Coinbase Credit, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HUT 8 CORP. (Registrant) Date: December 31, 2025 By: /s/ Victor Semah Name: Victor Semah Title: Chief Legal Officer & Corporate Secretary 3