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Hut 8 Replaces Coinbase Loan With $200M FalconX Bitcoin Facility

CryptoFrontier

bitcoin news Capital Flow

2026-05-05 06:38:54

BTC-0.04%

Hut 8 replaced its Coinbase Credit arrangement with a new $200 million, 364-day bitcoin-backed facility from FalconX, cutting debt costs by 200 basis points, according to the announcement.

New Facility Details

The facility is structured as a 364-day bitcoin-backed loan for $200 million. The arrangement reduces Hut 8’s borrowing costs compared to its previous Coinbase Credit arrangement by 200 basis points.

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