TechFlow news, June 24 — According to GlobeNewsWire, Hut 8 announced today that it has reached an agreement with Coinbase to expand its Bitcoin-secured credit facility from $65 million to $130 million and extend the maturity date to July 16, 2026. The new agreement features a fixed interest rate of 9.0%, significantly reducing capital costs compared to the previous floating rate range of 10.5%–11.5%. This move provides Hut 8 with an additional $65 million in non-dilutive capital to support growth initiatives in its energy infrastructure and Bitcoin mining operations. Both parties have also strengthened collateral protection terms, including an improved limited-recourse structure and a commitment not to re-pledge the Bitcoin collateral.
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