Hut 8 secures $1 billion credit line with 40% liquidity covenant
- —The $1 billion facility is a senior secured revolving credit line
- —Access requires maintaining liquidity of about 40%
- —Funds are drawn via letters of credit without locking up equivalent cash deposits
- —The deal was disclosed in SEC filings on September 28
Why it matters: Post-halving miners are seeking capital without shareholder dilution; Hut 8's structure sets a benchmark for the sector.
Source: CriptoTendencias