Hut 8 reaches $200 million Bitcoin collateralized lending agreement, unlocking 3,300 BTC in liquidity.

CoinFeed reported on May 4th that Bitcoin mining and energy infrastructure platform Hut8 announced its subsidiary has signed a $200 million, 364-day Bitcoin collateralized lending agreement with crypto financial institution FalconX, completely replacing its previous financing arrangement with Coinbase Credit. The new financing has an annualized fixed interest rate of 7.0%, a 200 basis point decrease from the original Coinbase financing rate of 9.0%, significantly reducing debt costs. Upon completion of the agreement, approximately 3,300 BTC of Hut8 will be uncollateralized, valued at 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.