Hut 8 refinances bitcoin-backed loan with FalconX via $200 million credit facility

HUT 8

HUT 8

HUT

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  • Hut 8 entered $200 million, 364-day Bitcoin-backed credit facility with FalconX, replacing prior facility with Coinbase Credit.
  • Facility carries fixed 7.0% interest rate, down from 9.0% under Coinbase facility, cutting cost of debt by 200 basis points.
  • Refinancing unencumbered about 3,300 BTC from collateral package, valued at about USD 260 million as of May 1, 2026.
  • Structure keeps limited recourse to pledged Bitcoin, includes no-rehypothecation covenant, retains fixed loan-to-value thresholds without a ratchet tied to Bitcoin price declines.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hut 8 Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605040630PR_NEWS_USPR_____FL49796) on May 04, 2026, and is solely responsible for the information contained therein.

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