Hut 8 Replaces Coinbase Loan with $200M FalconX Bitcoin-Backed Facility
Hut 8 replaced its Coinbase Credit arrangement with a new $200 million bitcoin-backed facility provided by FalconX, according to the announcement. The new facility has a 364-day term and reduces the company's borrowing costs by 200 basis points compared to the previous Coinbase arrangement.
BTC0.27%
CryptoFrontier·05-05 00:37
