Hut 8 Refinances Debt with FalconX Loan, Replaces Coinbase Facility
Canadian company Hut 8 has refinanced its Bitcoin-backed credit facility by securing a $200 million loan from FalconX. This move replaces an earlier arrangement with Coinbase and reduces the interest rate on the debt to 7% from 9%. The new deal also frees up approximately 3,300 BTC in collateral.
Topics: AI pivot Bitcoin-backed loan cryptocurrency mining debt refinancing