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Hut8 secures a $200 million credit line from FalconX, completes Bitcoin loan refinancing, and reduces the interest rate by 200 basis points
BlockBeats News, May 4 — Energy infrastructure platform Hut 8 Corp. announced that its subsidiary has signed a 364-day, $200 million Bitcoin-backed credit financing agreement with FalconX to replace its previous credit line with Coinbase.
Hut 8 CEO Asher Genoot stated that this move aims to reduce capital costs, minimize risks, and expand strategic flexibility. FalconX credit head Craig Birchall noted that Hut 8’s diversified revenue streams and operational track record across multiple cycles make it a rare high-quality institutional borrower in the market.