Hut 8 cuts borrowing costs with $200M FalconX Bitcoin-backed credit line, freeing up 3,300 BTC collateral.

Hut 8 refinanced its Bitcoin-collateralized debt by securing a $200 million, 364-day credit line from FalconX, replacing a costlier Coinbase arrangement. This new deal lowers the fixed interest rate from 9.0% to 7.0%, reducing borrowing expenses by up to 450 basis points and freeing about 3,300 Bitcoin previously held as collateral. The refinancing enhances Hut 8's financial flexibility and liquidity while maintaining strong borrower protections. This move supports Hut 8's strategy to reduce debt costs, minimize risks, and leverage Bitcoin as a key balance sheet asset amid evolving market conditions.