diff --git a/src/interfaces/mining.h b/src/interfaces/mining.h
index f4cc399..00dcf78 100644
--- a/src/interfaces/mining.h
+++ b/src/interfaces/mining.h
@@ -8,6 +8,7 @@
 #include <consensus/amount.h>
 #include <interfaces/types.h>
 #include <sv2/block_options.h>
+#include <sv2/coinbase_template.h>
 #include <primitives/block.h>
 #include <primitives/transaction.h>
 #include <uint256.h>
@@ -38,8 +39,29 @@ class BlockTemplate
     // Sigop cost per transaction, not including coinbase transaction.
     virtual std::vector<int64_t> getTxSigops() = 0;
 
-    virtual CTransactionRef getCoinbaseTx() = 0;
+    /** Return fields needed to construct a coinbase transaction */
+    virtual node::CoinbaseTxTemplate getCoinbaseTx() = 0;
+
+    /**
+     * Return serialized dummy coinbase transaction.
+     *
+     * @note deprecated: use getCoinbaseTx()
+     */
+    virtual CTransactionRef getCoinbaseRawTx() = 0;
+
+    /**
+     * Return scriptPubKey with SegWit OP_RETURN.
+     *
+     * @note deprecated: use getCoinbaseRawTx()
+     */
     virtual std::vector<unsigned char> getCoinbaseCommitment() = 0;
+
+    /**
+     * Return which output in the dummy coinbase contains the SegWit OP_RETURN.
+     *
+     * @note deprecated. Scan outputs from getCoinbaseRawTx() outputs field for the
+     *       SegWit marker.
+     */
     virtual int getWitnessCommitmentIndex() = 0;
 
     /**
diff --git a/src/ipc/capnp/mining-types.h b/src/ipc/capnp/mining-types.h
index 7d00625..eea4678 100644
--- a/src/ipc/capnp/mining-types.h
+++ b/src/ipc/capnp/mining-types.h
@@ -10,6 +10,7 @@
 #include <ipc/capnp/common-types.h>
 #include <ipc/capnp/mining.capnp.proxy.h>
 #include <sv2/block_options.h>
+#include <sv2/coinbase_template.h>
 
 namespace mp {
 // Custom serializations
diff --git a/src/ipc/capnp/mining.capnp b/src/ipc/capnp/mining.capnp
index ed01e44..28da7d9 100644
--- a/src/ipc/capnp/mining.capnp
+++ b/src/ipc/capnp/mining.capnp
@@ -27,7 +27,8 @@ interface BlockTemplate $Proxy.wrap("interfaces::BlockTemplate") {
     getBlock @2 (context: Proxy.Context) -> (result: Data);
     getTxFees @3 (context: Proxy.Context) -> (result: List(Int64));
     getTxSigops @4 (context: Proxy.Context) -> (result: List(Int64));
-    getCoinbaseTx @5 (context: Proxy.Context) -> (result: Data);
+    getCoinbaseTx @12 (context: Proxy.Context) -> (result: CoinbaseTxTemplate);
+    getCoinbaseRawTx @5 (context: Proxy.Context) -> (result: Data);
     getCoinbaseCommitment @6 (context: Proxy.Context) -> (result: Data);
     getWitnessCommitmentIndex @7 (context: Proxy.Context) -> (result: Int32);
     getCoinbaseMerklePath @8 (context: Proxy.Context) -> (result: List(Data));
@@ -51,3 +52,13 @@ struct BlockCheckOptions $Proxy.wrap("node::BlockCheckOptions") {
     checkMerkleRoot @0 :Bool $Proxy.name("check_merkle_root");
     checkPow @1 :Bool $Proxy.name("check_pow");
 }
+
+struct CoinbaseTxTemplate $Proxy.wrap("node::CoinbaseTxTemplate") {
+    version @0 :UInt32 $Proxy.name("version");
+    sequence @1 :UInt32 $Proxy.name("sequence");
+    scriptSigPrefix @2 :Data $Proxy.name("script_sig_prefix");
+    witness @3 :Data $Proxy.name("witness");
+    blockRewardRemaining @4 :Int64 $Proxy.name("block_reward_remaining");
+    requiredOutputs @5 :List(Data) $Proxy.name("required_outputs");
+    lockTime @6 :UInt32 $Proxy.name("lock_time");
+}
diff --git a/src/sv2/coinbase_template.h b/src/sv2/coinbase_template.h
new file mode 100644
index 0000000..d6b48b4
--- /dev/null
+++ b/src/sv2/coinbase_template.h
@@ -0,0 +1,63 @@
+// Copyright (c) 2025 The Bitcoin Core developers
+// Distributed under the MIT software license, see the accompanying
+// file COPYING or http://www.opensource.org/licenses/mit-license.php.
+
+#ifndef BITCOIN_SV2_COINBASE_TEMPLATE_H
+#define BITCOIN_SV2_COINBASE_TEMPLATE_H
+
+#include <consensus/amount.h>
+#include <cstddef>
+#include <cstdint>
+#include <optional>
+#include <script/script.h>
+#include <primitives/transaction.h>
+#include <util/time.h>
+#include <vector>
+
+namespace node {
+
+struct CoinbaseTxTemplate {
+    /* nVersion */
+    uint32_t version;
+    /* nSequence for the only coinbase transaction input */
+    uint32_t sequence;
+    /**
+     * Prefix which needs to be placed at the beginning of the scriptSig.
+     * Clients may append extra data to this as long as the overall scriptSig
+     * size is 100 bytes or less, to avoid the block being rejected with
+     * "bad-cb-length" error.
+     *
+     * Currently with BIP 34, the prefix is guaranteed to be less than 8 bytes,
+     * but future soft forks could require longer prefixes.
+     */
+    CScript script_sig_prefix;
+    /**
+     * The first (and only) witness stack element of the coinbase input.
+     *
+     * Omitted for block templates without witness data.
+     *
+     * This is currently the BIP 141 witness reserved value, and can be chosen
+     * arbitrarily by the node, but future soft forks may constrain it.
+     */
+    std::optional<uint256> witness;
+    /**
+     * Block subsidy plus fees, minus any non-zero required_outputs.
+     *
+     * Currently there are no non-zero required_outputs, so block_reward_remaining
+     * is the entire block reward. See also required_outputs.
+     */
+    CAmount block_reward_remaining;
+    /*
+     * To be included as the last outputs in the coinbase transaction.
+     * Currently this is only the witness commitment OP_RETURN, but future
+     * softforks or a custom mining patch could add more.
+     *
+     * The dummy output that spends the full reward is excluded.
+     */
+    std::vector<CTxOut> required_outputs;
+    uint32_t lock_time;
+};
+
+} // namespace node
+
+#endif // BITCOIN_SV2_COINBASE_TEMPLATE_H
diff --git a/src/sv2/messages.cpp b/src/sv2/messages.cpp
index 0bdb003..d8ef66e 100644
--- a/src/sv2/messages.cpp
+++ b/src/sv2/messages.cpp
@@ -6,30 +6,28 @@
 #include <consensus/validation.h> // NO_WITNESS_COMMITMENT
 #include <script/script.h>
 
-node::Sv2NewTemplateMsg::Sv2NewTemplateMsg(const CBlockHeader& header, const CTransactionRef coinbase_tx, std::vector<uint256> coinbase_merkle_path, uint64_t template_id, bool future_template)
+node::Sv2NewTemplateMsg::Sv2NewTemplateMsg(const CBlockHeader& header, const node::CoinbaseTxTemplate coinbase, std::vector<uint256> coinbase_merkle_path, uint64_t template_id, bool future_template)
     : m_template_id{template_id}, m_future_template{future_template}
 {
     m_version = header.nVersion;
 
-    m_coinbase_tx_version = coinbase_tx->CURRENT_VERSION;
-    m_coinbase_prefix = coinbase_tx->vin[0].scriptSig;
-    m_coinbase_tx_input_sequence = coinbase_tx->vin[0].nSequence;
+    m_coinbase_tx_version = coinbase.version;
+    m_coinbase_prefix = coinbase.script_sig_prefix;
+    m_coinbase_tx_input_sequence = coinbase.sequence;
 
     // The coinbase nValue already contains the nFee + the Block Subsidy when built using CreateBlock().
-    m_coinbase_tx_value_remaining = static_cast<uint64_t>(coinbase_tx->vout[0].nValue);
+    m_coinbase_tx_value_remaining = static_cast<uint64_t>(coinbase.block_reward_remaining);
 
     // Extract only OP_RETURN coinbase outputs (witness commitment, merge mining, etc.)
     // Bitcoin Core adds a dummy output with the full reward that we must exclude,
     // otherwise the pool would create an invalid block trying to spend that amount again.
     m_coinbase_tx_outputs.clear();
-    for (const auto& output : coinbase_tx->vout) {
-        if (!output.scriptPubKey.empty() && output.scriptPubKey[0] == OP_RETURN) {
-            m_coinbase_tx_outputs.push_back(output);
-        }
+    for (const auto& output : coinbase.required_outputs) {
+        m_coinbase_tx_outputs.push_back(output);
     }
-    m_coinbase_tx_outputs_count = m_coinbase_tx_outputs.size();
+    m_coinbase_tx_outputs_count = coinbase.required_outputs.size();
 
-    m_coinbase_tx_locktime = coinbase_tx->nLockTime;
+    m_coinbase_tx_locktime = coinbase.lock_time;
 
     for (const auto& hash : coinbase_merkle_path) {
         m_merkle_path.push_back(hash);
@@ -37,6 +35,53 @@ node::Sv2NewTemplateMsg::Sv2NewTemplateMsg(const CBlockHeader& header, const CTr
 
 }
 
+node::CoinbaseTxTemplate ExtractCoinbaseTxTemplate(const CTransactionRef coinbase_tx)
+{
+    node::CoinbaseTxTemplate coinbase{};
+
+    coinbase.version = coinbase_tx->version;
+    Assert(coinbase_tx->vin.size() == 1);
+    coinbase.script_sig_prefix = coinbase_tx->vin[0].scriptSig;
+    // The CoinbaseTxTemplate interface guarantees a size limit. Raising it (e.g.
+    // if a future softfork needs to commit more than BIP34) is a
+    // (potentially silent) breaking change for clients.
+    if (!Assume(coinbase.script_sig_prefix.size() <= 8)) {
+        LogWarning("Unexpected %d byte scriptSig prefix size.",
+                    coinbase.script_sig_prefix.size());
+    }
+
+    if (coinbase_tx->HasWitness()) {
+        const auto& witness_stack{coinbase_tx->vin[0].scriptWitness.stack};
+        // Consensus requires the coinbase witness stack to have exactly one
+        // element of 32 bytes.
+        Assert(witness_stack.size() == 1 && witness_stack[0].size() == 32);
+        coinbase.witness = uint256(witness_stack[0]);
+    }
+
+    coinbase.sequence = coinbase_tx->vin[0].nSequence;
+
+    // Extract only OP_RETURN coinbase outputs (witness commitment, merge
+    // mining, etc). BlockAssembler::CreateNewBlock adds a dummy output with
+    // the full reward that we must exclude.
+    for (const auto& output : coinbase_tx->vout) {
+        if (!output.scriptPubKey.empty() && output.scriptPubKey[0] == OP_RETURN) {
+            coinbase.required_outputs.push_back(output);
+        } else {
+            // The (single) dummy coinbase output produced by CreateBlock() has
+            // an nValue set to nFee + the Block Subsidy.
+            Assume(coinbase.block_reward_remaining == 0);
+            coinbase.block_reward_remaining = output.nValue;
+        }
+    }
+
+    coinbase.lock_time = coinbase_tx->nLockTime;
+
+    return coinbase;
+}
+
+node::Sv2NewTemplateMsg::Sv2NewTemplateMsg(const CBlockHeader& header, const CTransactionRef coinbase_tx, std::vector<uint256> coinbase_merkle_path, uint64_t template_id, bool future_template) :
+    node::Sv2NewTemplateMsg(header, ExtractCoinbaseTxTemplate(coinbase_tx), coinbase_merkle_path, template_id, future_template) {};
+
 node::Sv2SetNewPrevHashMsg::Sv2SetNewPrevHashMsg(const CBlockHeader& header, uint64_t template_id) : m_template_id{template_id}
 {
     m_prev_hash = header.hashPrevBlock;
diff --git a/src/sv2/messages.h b/src/sv2/messages.h
index 31b38ef..2eb3fdf 100644
--- a/src/sv2/messages.h
+++ b/src/sv2/messages.h
@@ -11,6 +11,7 @@
 #include <primitives/transaction.h>
 #include <script/script.h>
 #include <span.h>
+#include <sv2/coinbase_template.h>
 #include <streams.h>
 #include <string>
 #include <vector>
@@ -304,7 +305,7 @@ struct Sv2NewTemplateMsg
     std::vector<CTxOut> m_coinbase_tx_outputs;
 
     /**
-     * The locktime field in the coinbase transaction.
+     * The lock_time field in the coinbase transaction.
      */
     uint32_t m_coinbase_tx_locktime;
 
@@ -315,6 +316,7 @@ struct Sv2NewTemplateMsg
 
     Sv2NewTemplateMsg() = default;
     explicit Sv2NewTemplateMsg(const CBlockHeader& header, const CTransactionRef coinbase_tx, std::vector<uint256> coinbase_merkle_path, uint64_t template_id, bool future_template);
+    explicit Sv2NewTemplateMsg(const CBlockHeader& header, const node::CoinbaseTxTemplate coinbase, std::vector<uint256> coinbase_merkle_path, uint64_t template_id, bool future_template);
 
     template <typename Stream>
     void Serialize(Stream& s) const
@@ -738,4 +740,14 @@ class Sv2NetMsg
 
 }
 
+/*
+ * Extract relevant fields from the dummy coinbase transaction in the template.
+ *
+ * Extracts only OP_RETURN coinbase outputs, i.e. the witness commitment. If
+ * BlockAssembler::CreateNewBlock() is patched to add more OP_RETURN outputs
+ * e.g. for merge mining, those will be included. The dummy output that spends
+ * the full reward is excluded.
+ */
+node::CoinbaseTxTemplate ExtractCoinbaseTxTemplate(const CTransactionRef coinbase_tx);
+
 #endif // BITCOIN_SV2_MESSAGES_H
diff --git a/src/sv2/template_provider.cpp b/src/sv2/template_provider.cpp
index d308cc6..fc2f3e5 100644
--- a/src/sv2/template_provider.cpp
+++ b/src/sv2/template_provider.cpp
@@ -575,11 +575,26 @@ bool Sv2TemplateProvider::SendWork(Sv2Client& client, uint64_t template_id, Bloc
         return false;
     }
 
-    node::Sv2NewTemplateMsg new_template{header,
-                                        block_template.getCoinbaseTx(),
-                                        block_template.getCoinbaseMerklePath(),
-                                        template_id,
-                                        future_template};
+    node::Sv2NewTemplateMsg new_template;
+    try {
+        node::CoinbaseTxTemplate coinbase{block_template.getCoinbaseTx()};
+
+        new_template = node::Sv2NewTemplateMsg{header,
+                                               coinbase,
+                                               block_template.getCoinbaseMerklePath(),
+                                               template_id,
+                                               future_template};
+    } catch (const std::exception&) {
+        // Fall back to getCoinbaseRawTx()
+        CTransactionRef coinbase_tx{block_template.getCoinbaseRawTx()};
+
+        new_template = node::Sv2NewTemplateMsg{header,
+                                               coinbase_tx,
+                                               block_template.getCoinbaseMerklePath(),
+                                               template_id,
+                                               future_template};
+
+    }
 
     LogPrintLevel(BCLog::SV2, BCLog::Level::Debug, "Send 0x71 NewTemplate id=%lu future=%d to client id=%zu\n", template_id, future_template, client.m_id);
     {
diff --git a/src/test/sv2_mock_mining.cpp b/src/test/sv2_mock_mining.cpp
index 674343b..d6741a0 100644
--- a/src/test/sv2_mock_mining.cpp
+++ b/src/test/sv2_mock_mining.cpp
@@ -7,6 +7,7 @@
 #include <sync.h>
 #include <cassert>
 #include <logging.h>
+#include <sv2/messages.h>
 
 namespace {
 static inline uint256 HashFromHeight(uint64_t h)
@@ -56,7 +57,8 @@ CBlockHeader MockBlockTemplate::getBlockHeader() { return block.GetBlockHeader()
 CBlock MockBlockTemplate::getBlock() { return block; }
 std::vector<CAmount> MockBlockTemplate::getTxFees() { return {}; }
 std::vector<int64_t> MockBlockTemplate::getTxSigops() { return {}; }
-CTransactionRef MockBlockTemplate::getCoinbaseTx() { return block.vtx[0]; }
+node::CoinbaseTxTemplate MockBlockTemplate::getCoinbaseTx() { return ExtractCoinbaseTxTemplate(block.vtx[0]); }
+CTransactionRef MockBlockTemplate::getCoinbaseRawTx() { return block.vtx[0]; }
 std::vector<unsigned char> MockBlockTemplate::getCoinbaseCommitment() { return {}; }
 int MockBlockTemplate::getWitnessCommitmentIndex() { return -1; }
 std::vector<uint256> MockBlockTemplate::getCoinbaseMerklePath() { return {}; }
diff --git a/src/test/sv2_mock_mining.h b/src/test/sv2_mock_mining.h
index 57f1275..27fd078 100644
--- a/src/test/sv2_mock_mining.h
+++ b/src/test/sv2_mock_mining.h
@@ -58,7 +58,8 @@ class MockBlockTemplate : public interfaces::BlockTemplate {
     CBlock getBlock() override;
     std::vector<CAmount> getTxFees() override;
     std::vector<int64_t> getTxSigops() override;
-    CTransactionRef getCoinbaseTx() override;
+    node::CoinbaseTxTemplate getCoinbaseTx() override;
+    CTransactionRef getCoinbaseRawTx() override;
     std::vector<unsigned char> getCoinbaseCommitment() override;
     int getWitnessCommitmentIndex() override;
     std::vector<uint256> getCoinbaseMerklePath() override;