Hut 8 Just Supercharged Its Bitcoin War Chest—$130M Credit Line With Coinbase Now Live

Bitcoin miners are doubling down—literally. Hut 8 just flipped the switch on a $130 million credit facility backed by its BTC holdings, courtesy of Coinbase. That’s twice the firepower they had before.

Why it matters: When your collateral moons, you might as well put it to work. The move signals aggressive confidence in both Bitcoin’s value and Hut 8’s ability to mine through bear markets. Or maybe they’ve just watched too many ‘debt is cheap’ PowerPoints from Wall Street.

The fine print: No fresh BTC was sold to secure this deal—existing holdings do the heavy lifting. Smart play when you’re betting against inflation with a deflationary asset. Meanwhile, traditional banks are still stuck onboarding clients via fax.

Bottom line: Hut 8’s balance sheet just got a crypto-powered turbo boost. Whether this fuels expansion or just keeps the lights on during the next dip remains to be seen. After all, in crypto, even ‘risk management’ looks like a leveraged long position.