Hut 8 Replaces Coinbase Loan With $200M FalconX Deal

CryptoFrontier
BTC0.19%

Hut 8 has replaced its Coinbase Credit arrangement with a new $200 million, 364-day bitcoin-backed facility from FalconX, reducing its borrowing costs by 200 basis points.

Loan Structure and Terms

The new facility is denominated in bitcoin and structured as a 364-day loan, replacing the previous Coinbase Credit arrangement. The 200 basis point reduction in debt costs represents a significant decrease in Hut 8’s financing expenses.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments