Hut 8 Closes $1.07B 4-Yr Senior Secured Revolving Credit Facility

Hut 8 Corp. has closed a $1.07 billion four-year senior secured revolving credit facility, enhancing its liquidity and capital access as it aims for an investment-grade corporate profile. This facility allows for immediate access to non-dilutive capital with a drawn margin of SOFR plus 150 to 200 basis points, and it supports collateral requirements for site development, improving capital efficiency. The financing builds on Hut 8's previous $7.5 billion in investment-grade project financing for its AI data center campuses.