Hut 8 secures $200M Bitcoin-backed loan at 7% interest, unlocking 3,300 BTC collateral and cutting millions in debt costs.
Key takeaways
- Hut 8 Secures $200M Bitcoin-Backed Loan Refinancing with FalconX
- Hut 8 just locked in a $200 million Bitcoin-backed credit facility from FalconX, slashing its fixed interest rate and freeing up thousands of BTC for the first time si...
- The refinancing couldn’t come at a more critical moment. With Bitcoin’s price swinging between $58,000 and $65,000 over the past month and the April halving slicing mi...
- The release of 3,300 BTC—worth over $200 million at current prices—gives Hut 8 room to maneuver as it weighs new investments or shoring up its balance sheet. With its ...
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Canonical source: https://mlxio.com/crypto/hut-8-bitcoin-loan-refinance-falconx
