Miners' new way to de-leverage: FalconX's $200M limit is 200 basis points cheaper than Coinbase, and the 364-day window is enough for Hut 8 to endure another halving.

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CryptoFrontier
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.
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