Hut 8 Secures $1 Billion Credit Facility for Development

Bitcoin miner Hut 8 has finalized a four-year, $1 billion senior secured credit line to support site development and construction obligations. The facility allows the company to borrow cash or issue letters of credit to utility and equipment vendors, reducing collateral requirements. As of the September 24 closing, no amounts were outstanding under the agreement. The credit line provides financial flexibility for the company's AI campus projects while it evaluates long-term financing options.