Hut 8 Corp. Secures $200 Million Credit Facility with Two Prime to Bolster Operations
Reuters
Aug 30
Hut 8 Corp. Secures $200 Million Credit Facility with Two Prime to Bolster Operations
Hut 8 Corp. announced that its subsidiaries, Hut 8 MB One LLC and Hut 8 Mining Holding Corp., have entered into a significant credit agreement with Two Prime Lending Limited. The agreement outlines a revolving credit facility of up to $200 million, bearing an interest rate of 7.99% per annum. The facility is set to mature 364 days from the first borrowing date, with the option for prepayment without penalties. The funds will be used for general corporate purposes, and the obligations under the agreement are secured by Bitcoin collateral held with BitGo Trust Company, Inc.
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