TechFlow News — Hut 8 Mining Corp announced that it, together with its subsidiary Hut 8 Holdings Inc., has entered into a $50 million credit facility agreement with Coinbase Credit, Inc. (as lender). The borrowed funds will be used for general corporate purposes.
The credit facility provides a $15 million term loan expected to be funded at or shortly after closing. The credit facility matures 364 days from the initial borrowing date. The obligations under the credit facility are secured by certain Bitcoin holdings of the borrower held in custody with Coinbase Custody Trust Company, and are guaranteed by Hut 8 Mining Corp.
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