Hut 8 Secures $1.07B Revolving Credit Facility

Hut 8 locks in $1B credit line, but faces 40% liquidity rules - Invest In Crypto News

Bitcoin miner Hut 8 announced on Sept. 28 that it had closed a four-year, $1 billion senior secured credit line. The facility gives the parent company room to borrow during site development and to back construction obligations with letters of credit. Its securities filing says no amounts were outstanding when the agreement closed on Sept. […]

Hut 8 Secures $1.07 Billion Revolving Credit Facility

The four-year facility was undrawn at closing, with liquidity requirements of 40% before the Stabilization Date and 25% afterward.

Hut 8 locks in $1B credit line, but faces 40% liquidity rules

Letters of credit can cover site obligations without equivalent cash deposits, while borrowing would add corporate debt exposure.

Hut 8 Secures $1.07B Revolving Credit Facility

The announcement establishes three verified parameters: a $1. 07 billion commitment size, a senior secured ranking that places this creditor class ahead of unsecured obligations in any recovery waterfall, and a revolving structure that lets Hut 8 draw, repay, and redraw against the facility over...

Hut 8 adds US$1.07B secured credit line

The four-year line starts at SOFR plus 175 basis points and can back utility and equipment obligations with letters of credit.