Investment
Features
FeesSafety
Academy
More
Pluang+
|
Home/News Feed/Hut 8 secures $200M Bitcoin-backed loan with 7% interest, freeing 3,300 BTC from collateral.
HUT
$98.74
+$7.75 +8.52%

Hut 8 secures $200M Bitcoin-backed loan with 7% interest, freeing 3,300 BTC from collateral.

Company Fundamentals
04 May 2026
PRNewsWire
View Source
Bullish
Hut 8 secures $200M Bitcoin-backed loan with 7% interest, freeing 3,300 BTC from collateral.

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.

More News (HUT)

Wells Fargo rates Hut 8 'Overweight' amid strong crypto mining growth and big institutional buys.

Wells Fargo rates Hut 8 'Overweight' amid strong crypto mining growth and big institutional buys.

Wells Fargo initiated an "Overweight" rating on Hut 8, a cryptocurrency mining and digital infrastructure company, citing strong sector momentum and significant institutional investment. Major investors like California State Teachers Retirement Syste...

Market News
Bullish
2 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App