**[Hut 8 Replaces Coinbase Financing Arrangement with $200 Million New Credit Agreement, Reduces Debt Costs by 200 Basis Points]** Deep Tide TechFlow reports, on May 4, according to PR Newswire, Hut 8 Corp. (Nasdaq/TSX: HUT) announced that its subsidiary has signed a $200 million, 364-day Bitcoin-backed credit agreement with FalconX, replacing the previous similar arrangement with Coinbase Credit. The new agreement has a fixed interest rate of 7.0%, down from the original Coinbase agreement's 9.0%, representing a reduction of 200 basis points. Compared to the historical interest rate range from late 2023 to early 2025 (10.5%–11.5%), the cumulative decrease reaches up to 450 basis points. This refinancing simultaneously releases approximately 3,300 Bitcoins (valued at approximately $260 million as of May 1), freeing them from collateral constraints and further enhancing the company's balance sheet liquidity and financial flexibility. The new agreement retains key protective mechanisms, including a limited recourse structure, a prohibition on Bitcoin re-pledging, and fixed loan-to-value ratio thresholds.