Hut8 has reached a $200 million Bitcoin collateralized lending agreement, which will release 3,300 BTC in liquidity.

According to Mars Finance, Bitcoin mining and energy infrastructure platform Hut 8 announced that its subsidiary has signed a $200 million, 364-day Bitcoin collateralized loan agreement with crypto financial institution FalconX to fully replace its previous financing arrangement with Coinbase Credit. The new financing has an annualized fixed interest rate of 7%, a 200 basis point decrease from the original Coinbase financing rate of 9%, significantly reducing debt costs. Upon completion of the agreement, approximately 3,300 BTC of Hut 8 will be uncollateralized, corresponding to a value of approximately $260 million based on the Bitcoin market price on May 1, 2026, directly enhancing the liquidity and flexibility of the company's balance sheet.