Hut 8 Corp. has replaced its previous Coinbase credit facility with a new $200 million, 364-day Bitcoin-backed loan from FalconX at a reduced fixed interest rate of 7%, down from 9%. This refinancing lowers the company's cost of debt by 200 basis points and unencumbers about 3,300 BTC valued at approximately $260 million, enhancing liquidity and financial flexibility. The new facility maintains strong collateral protections and supports Hut 8's strategy to optimize its Bitcoin holdings and reduce capital costs. This move strengthens Hut 8's balance sheet and positions it for growth in energy infrastructure and digital technologies.
Hut 8 Corp. has agreed to a $2.35 million settlement in a class action lawsuit concerning securities purchased between February 2023 and January 2024. The U.S. District Court for the Southern District of New York approved the proposed settlement, whi...
Bitcoin miners pivoting to AI data centers saw notable stock declines Friday, led by Hut 8 down 11%, reflecting profit-taking rather than a change in business fundamentals. Hut 8's large AI data center backlog, valued at $26.6 billion, remains intact...
