Hut8 reaches a $200 million Bitcoin mortgage loan agreement that frees up to 3300 BTC liquidity

Bitcoin mining and energy infrastructure platform Hut8 announced that its subsidiary has signed a $200 million, 364-day Bitcoin mortgage credit agreement with crypto financial institution FalconX to fully replace the previous financing arrangement with CoinbaseCredit. The annualized fixed interest rate of this new financing is 7%, which is 200 basis points lower than the original Coinbase financing interest rate of 9%, significantly reducing debt costs. After the completion of the agreement, approximately 3300 BTCs in Hut8 were converted from mortgage status to non-mortgage. Based on the Bitcoin market price on May 1, 2026, the corresponding value was approximately US$260 million, directly enhancing the liquidity and flexibility of the company's balance sheet.