Hut 8 closes $1.1 billion credit facility to fund expansion
What's the deal? Hut 8 (NASDAQ: HUT) has closed a $1.07 billion four-year senior secured revolving credit facility, strengthening its corporate liquidity. The facility carries a drawn margin ranging from SOFR plus 150 to 200 basis points, based on the company's consolidated metrics.
Why it matters: The revolving structure gives Hut 8 committed capital it can draw and repay as needed, rather than a fixed loan. That flexibility lets it fund operations and growth without diluting shareholders through new equity.
By the numbers: At $1.07 billion, this ranks among the largest post-IPO debt deals in Canadian fintech, landing in the 91st percentile of 178 comparable rounds all-time.
The signal: Large credit lines like this show lenders are willing to back crypto and infrastructure operators with committed capital at scale — a marker of the sector's growing maturity.
Read more: seekingalpha.com
Image credit: midom
