The Hut 8 Bitcoin (BTC) The mining company has set itself apart among players in the beleaguered mining industry by extending its credit facility with cryptocurrency exchange Coinbase to $200 million, building on its momentum and strong stock price performance from 2025.
Hut8 plans to use the funds for “general corporate purposes,” according to an amended filing with the U.S. Securities and Exchange Commission.
The credit expansion follows Hut8’s $7 billion deal in December with AI cloud platform Fluidstack to supply 245 megawatts (MW) of energy to AI data centers over 15 years.
The deal is one of the largest deals of its kind between a crypto-native company and an AI infrastructure provider.
According to Yahoo Finance, Hut 8 stock has risen more than 134% in the last year, trading at around $51.27 at the time of writing.
While the company had a significant year marked by diversification into AI, high-performance computing, and expansion of its Bitcoin mining operations through majority ownership of mining and crypto treasury company American Bitcoin, the mining industry as a whole faced operational and economic headwinds.
Hut 8’s 1-year stock price performance. sauce: Yahoo Finance
Related: Bitcoin Mining 2026 Prediction: AI Turnabout, Margin Pressure, and Fight for Survival
Mining companies are struggling, but Hut8 and American Bitcoin continue to accumulate BTC
Bitcoin miners experienced one of the toughest profit margin environments in history in 2025 due to block subsidy reductions following the April 2024 halving, with profit margins dropping significantly from 6.25. BTC 3.125 per block BTCrising energy costs, macroeconomic pressures.
Miners are also feeling the squeeze from U.S. President Donald Trump’s tariffs, which are impacting hardware prices and raising concerns about equipment shortages due to supply chain problems caused by geopolitical tensions between the U.S. and China.
China is one of the largest manufacturers of application-specific integrated circuits (ASICs), the machines used to mine Bitcoin and other proof-of-work (PoW) cryptocurrencies.
Bitcoin finance company ranking BTC Collection items. sauce: bitcoin treasury
Hut 8 ranks 9th out of the top 100 Bitcoin treasury companies with 13,696 companies. BTC According to BitcoinTreasuries.Net, assets held in corporate treasuries are worth over $1.2 billion as of this writing.
America ranks 20th in Bitcoin, holding 5,098 Bitcoins. BTCits value is equivalent to approximately $458 million, according to Bitcoin Treasuries data.
magazine: Bitcoin mining industry will “extinct within two years”: Bit Digital CEO