Hut 8 Replaces Coinbase Credit With $200M FalconX Facility

TLDR Hut 8 secured a $200 million Bitcoin-backed credit facility from FalconX and replaced its prior Coinbase Credit agreement. The company reduced its fixed interest rate to 7% from 9% under the previous loan structure. The refinancing released about 3,300 BTC worth roughly $260 million from collateral. Hut 8 ranks as the third-largest Bitcoin miner [...]

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