Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
TechFlow news: Hut 8 plans to fund the expansion of its new Texas site using bitcoin on its balance sheet. The company holds 9,116 bitcoins, worth approximately $515 million, and expects to spend around $17.3 million to build the new facility.
Hut 8 previously obtained debt financing from Coinbase using bitcoin as collateral.
Hut 8 plans to use the Bitcoin on its balance sheet to fund the growth of building a new site in Texas. The company holds 9,116 Bitcoin, worth approximately $515 million, and expects to spend around $17.3 million to construct the new facility. Hut 8 previously secured debt financing from Coinbase using Bitcoin as collateral.
Navigating Web3 tides with focused insights
