The Hut 8 Bitcoin () mining company expanded its credit facility with crypto exchange company Coinbase to $200 million, building on momentum from 2025 and strong stock performance, setting it apart among players in the struggling mining industry.
Hut 8 will use the funds for “general corporate purposes,” according to an amended with the United States Securities and Exchange Commission (SEC).
The credit expansion follows Hut 8’s $7 billion with AI cloud platform Fluidstack in December to deliver 245 megawatts (MW) of energy for an AI data center over a 15-year term.
The agreement is between a crypto-native company and an AI infrastructure provider.
Hut 8’s stock gained over 134% over the last year and is trading at about $51.27 at the time of this writing, to Yahoo Finance.
The company had a momentous year marked by , high-performance computing, and expanding its Bitcoin mining operations, a mining and crypto treasury company, while the broader mining industry faced operational and economic headwinds.
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Bitcoin miners experienced one of the during 2025 due to the reduced block subsidy after , which slashed it from 6.25 BTC per block to 3.125 BTC, , and macroeconomic pressures.
Miners also felt the squeeze from US President Donald Trump’s tariffs, which impacted hardware prices and created fears of equipment shortages due to from geopolitical tensions between the US and China.
China is one of the biggest manufacturers of (ASICs), the machines used to mine Bitcoin and other proof-of-work (PoW) cryptocurrencies.
Hut 8 is ranked as number 9 out of the top 100 Bitcoin treasury companies, with 13,696 BTC in its corporate treasury, valued at over $1.2 billion at the time of this writing, to BitcoinTreasuries.Net.
American Bitcoin is ranked as number 20 and has 5,098 BTC, valued at about $458 million, from BitcoinTreasuries shows.
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