Bitcoin miner Hut 8 refinances $200M loan at 7%, freeing 3,300 BTC from collateral

Hut 8 has refinanced its $200 million Bitcoin-backed credit facility with FalconX at a fixed 7% interest rate, down from 9% with its previous Coinbase loan. This refinancing releases about 3,300 BTC, valued at roughly $260 million, from collateral, boosting liquidity. The move is part of Hut 8's strategy to lower borrowing costs and increase financial flexibility amid tighter mining margins. The company continues to leverage its Bitcoin reserves and energy infrastructure to support growth and capital efficiency.