PANews reported on June 24 that according to GlobeNewswire , Hut 8 announced that it had signed the third revised and restated credit agreement with Coinbase Credit, Inc. , increasingPANews reported on June 24 that according to GlobeNewswire , Hut 8 announced that it had signed the third revised and restated credit agreement with Coinbase Credit, Inc. , increasing
Hut 8 Expands Bitcoin-Collateralized Credit Line to $130 Million
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PANews reported on June 24 that according to GlobeNewswire , Hut 8 announced that it had signed the third revised and restated credit agreement with Coinbase Credit, Inc. , increasing the Bitcoin pledge credit line from $ 65 million to $ 130 million and extending the maturity date to July 16 , 2026. This adjustment not only increased non-dilutive capital, but also changed the interest rate from a floating rate to a fixed rate of 9.0% , further reducing the cost of funds.
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