Hut 8 closes a $1.07B four-year senior secured credit facility, expanding funding capacity for projects

Hut 8 has secured a $1.07 billion four-year senior secured revolving credit facility, which the company says expands its funding capacity across the development lifecycle as it pursues an investment-grade corporate profile. According to the announcement, the facility provides committed, non-dilutive liquidity for interim working capital needs and preserves flexibility in the timing and structure of long-term financing. It also includes a $1.07 billion letter-of-credit sublimit, which the company says reduces the need to post cash collateral for site development.

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