Hut 8 closes $1.07 billion revolving credit facility
Hut 8 ($HUT) has closed a four-year, $1.07 billion senior secured revolving credit facility from a 12-lender syndicate. Borrowings initially carry interest at SOFR plus 175 basis points, with a 150–200-basis-point margin range linked to its debt-to-market-capitalization ratio. The arrangement also includes a $1.07 billion letter-of-credit sublimit for development-related collateral obligations. The financing gives Hut 8 parent-level liquidity for working capital and project development while it
0