Hut 8 Replaces Coinbase Facility With $200M Bitcoin-Backed FalconX Credit Line

Hut 8 entered a $200 million bitcoin-backed credit agreement to replace its previous Coinbase Credit facility. The 364-day FalconX financing carries a 7.0% fixed annualized rate, down from 9.0% on the prior facility. The refinancing also made about 3,300 BTC unencumbered, worth about $260 million as of May 1, 2026.

BTC0.85%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin