Hut 8 Replaces Coinbase Loan With $200M FalconX Bitcoin Facility

Hut 8 secured a $200 million Bitcoin-backed credit facility from FalconX to replace its prior loan from Coinbase Credit. The refinancing cut the fixed interest rate to 7% from 9%. The deal also released about 3,300 BTC from collateral.

BTC1.1%
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