Hut 8 refinances $200M credit, cuts interest to 7%, frees 3,300 BTC for growth

Hut 8 secured a $200 million refinancing deal with FalconX, lowering its interest rate from 9% to 7% and releasing 3,300 bitcoin previously held as collateral. This move reduces borrowing costs and boosts liquidity, enabling the company to invest more in AI and data center infrastructure. The refinancing aligns with Hut 8's strategy to optimize debt and diversify beyond bitcoin mining. The positive market reaction reflects confidence in Hut 8's transition toward AI-driven growth.