Hut 8 Replaces Coinbase Loan With $200M FalconX Facility, Cuts Rate to 7%

Hut 8 replaced its Coinbase Credit arrangement with a $200 million bitcoin-backed facility from FalconX and cut its fixed rate to 7% from 9%. The refinancing frees about 3,300 bitcoin that had been pledged as collateral, worth roughly $260 million as of May 1.

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