Hut 8 Secures $200M Bitcoin-Backed Credit Facility from FalconX
Cointelegraph
Hut 8 has refinanced its Bitcoin-backed loan with a new $200 million deal from FalconX, lowering interest rates and unencumbering 3,300 BTC.Summary
Hut 8 has replaced its existing credit facility with Coinbase Credit by securing a new $200 million Bitcoin-backed loan from FalconX. This refinancing reduces the company's interest rate from 9% to 7% and releases approximately 3,300 BTC—valued at roughly $260 million—from the previous collateral requirements. According to CEO Asher Genoot, the deal is part of a broader strategy to decrease the cost of capital, manage liquidity without selling Bitcoin reserves, and support the company's ongoing expansion into AI data center infrastructure.
(Source：Cointelegraph)