Hut 8 switches to FalconX, 364 days with $200M BTC collateral, interest rate cut by 2% — institutional-level financial engineering

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CryptoFrontier
Hut 8 replaces Coinbase loan with FalconX facility, cuts borrowing costs
Hut 8 has replaced its Coinbase Credit arrangement with a new $200 million, 364-day bitcoin-backed facility from FalconX, reducing debt costs by 200 basis points.

The new facility provides a more cost-efficient borrowing structure for the bitcoin-backed arrangement, as stated in the transaction
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