Wu Shuo learned that Hut 8 announced an extension of its Bitcoin collateralized credit line with Coinbase to $200 million. According to a document released by Hut 8 on January 3rd, the amended credit agreement increased the maximum loan amount by $70 million, bringing the total to $200 million, and all newly added funds have been fully withdrawn. The credit agreement was signed by Hut 8 on December 22, 2025, with the loan still secured by Bitcoin held in Coinbase Custody Trust Company, and Coinbase's recourse is limited to the pledged collateral. According to Hut 8's third-quarter disclosure, the outstanding loan amount under the Coinbase credit facility is $130 million, with an annual interest rate of approximately 9%.