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Bitcoin mining company Hut 8 has increased its credit line with Coinbase to $200 million, highlighting its enhanced financial agility as it intensifies its focus on artificial intelligence and high-performance computing.
Key Takeaways:
- Hut 8 has raised its credit facility with Coinbase to $200M to fuel its initiatives in AI and HPC.
- A $7B agreement with Fluidstack positions Hut 8 as a long-term energy provider for AI data centers.
- Significant stock increases and a substantial BTC treasury distinguish Hut 8 from other struggling miners.
The revised facility, revealed in a recent submission to the US Securities and Exchange Commission, will be utilized for “general corporate purposes.”
This expansion enhances Hut 8’s robust momentum through 2025, a time when many Bitcoin miners faced tight margins and escalating expenses.
Hut 8’s $7B Partnership with Fluidstack Fuels Major Data Center Initiative
The credit increase comes after a significant $7 billion agreement finalized in December with AI cloud service provider Fluidstack.
According to the arrangement, Hut 8 will deliver 245 megawatts of electricity over 15 years to power a large AI data center, representing one of the largest collaborations between a crypto-focused company and an AI infrastructure provider.
Hut 8’s strategic shift has been rewarded by the market. The firm’s stock has surged over 134% in the past year and is currently priced at around $51, as reported by Yahoo Finance.
This surge distinguishes Hut 8 from much of the mining industry, which has been under continuous strain since the April 2024 Bitcoin halving, which cut block rewards from 6.25 BTC to 3.125 BTC.
In addition to AI, Hut 8 has continued to enhance its Bitcoin mining and treasury approach.
Through its majority stake in American Bitcoin, a mining and crypto treasury firm, the company has increased its Bitcoin exposure at a time when many competitors have been compelled to liquidate assets to manage operational costs.
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JUST IN: #Bitcoin mining firm Hut 8 has just announced a partnership with Google for financial support on a 15-year lease.
Bullishpic.twitter.com/NQN9JmW0ob
— Bitcoin Magazine (@BitcoinMagazine) December 17, 2025
The mining sector is facing widespread challenges, including rising energy costs and economic uncertainties, along with increasing equipment prices due to US tariffs enacted during President Donald Trump’s administration.
These conditions have raised concerns regarding supply chains, especially considering China’s significant role as a producer of application-specific integrated circuits utilized in Bitcoin mining.
In spite of these challenges, Hut 8 continues to be one of the largest corporate holders of Bitcoin worldwide.
The company ranks ninth among Bitcoin treasury firms, holding 13,696 BTC valued at over $1.2 billion, according to BitcoinTreasuries.Net.
American Bitcoin is positioned twentieth, with 5,098 BTC valued at approximately $458 million.
Bitmain Reduces Bitcoin Miner Prices Amidst Industry Strain
Reports indicate that Bitmain is significantly reducing prices across various generations of Bitcoin mining equipment as pressure mounts within the mining sector, according to recent marketing campaigns and internal pricing documents shared with clients.
One promotion dated December 23 offered a set of four S19 XP+ Hydro units combined with an ANTRACK V2 container, suggesting an effective price of around $4 per terahash for the 19 J/TH machines.
Deliveries for this batch are set to commence in January 2026, indicating Bitmain’s willingness to secure low pricing well in advance of delivery.
Simultaneously, Bitcoin’s network hashrate declined by 4% for the month ending December 15, a trend that may pave the way for improved price performance in the upcoming months, according to analysts at VanEck.
“When hash rate compression persists over extended periods, positive forward returns are likely to occur more frequently and with greater intensity,” the analysts noted.
The post Hut 8 Expands Coinbase Credit Line to $200M as AI Push Accelerates appeared first on Cryptonews.
