Hut 8 Secures $1.07 Billion Revolving Credit Facility
Hut 8 (NASDAQ: HUT) has secured a four-year senior secured revolving credit facility worth $1.07 billion to bolster its corporate liquidity. The financing provides the company with committed capital, offering flexibility in managing operations and growth initiatives. The interest rate on the facility is based on SOFR plus between 150 and 200 basis points, depending on Hut 8's consolidated leverage ratio. This move reflects confidence from lenders in the firm’s financial stability and strategic direction during a period of expansion for the cryptocurrency mining sector.
Tickers: $HUT