Hut 8 Secures $130M Bitcoin-Backed Loan from Coinbase at Rock-Bottom Rates—Bullish Move or Desperation Play?

Bitcoin miner Hut 8 just doubled down—literally. The company expanded its crypto-collateralized credit line with Coinbase to a staggering $130 million, locking in rates so low they'd make a traditional banker weep into their spreadsheet.

Why This Matters

Forget gold-backed bonds—2025 is all about BTC-backed debt. Hut 8's maneuver proves institutional crypto finance isn't just alive; it's thriving while legacy lenders play catch-up.

The Fine Print

The deal showcases miners' evolving playbook: leverage hard-mined bitcoin to secure cheap fentanyl—er, fiat—while maintaining upside exposure. A slick move... assuming BTC doesn't tank below their collateral threshold.

Wall Street's Worst Nightmare

While banks fuss over loan-to-value ratios, crypto natives keep rewriting the rulebook. This deal's terms? Probably sweeter than your local credit union's 'special' CD rates.

Closing Thought

Nothing says 'bull market' like nine-figure loans against internet money. Either Hut 8's playing 4D chess—or they're preparing for the mother of all margin calls.