The company continued to diversify into the AI and high-performance computing sectors in 2025, with major deals and credit expansions.
The Hut 8 Bitcoin (BTC) 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 filing with the United States Securities and Exchange Commission (SEC).
The credit expansion follows Hut 8’s $7 billion agreement with AI cloud platform Fluidstack in December to deliver 245 megawatts (MW) of energy for an AI data center over a 15-year term.
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