
PANews|Aug 28, 2025 04:52
[Hut 8 Secures $330 Million Credit from Two Prime and Coinbase, Currently Holds Over 10,000 Bitcoins]
According to The Miner Mag, cryptocurrency mining company Hut 8 has announced securing $330 million in credit support to build four large-scale infrastructure projects in the United States, with a total expansion capacity of 1.53GW. These projects are located in Louisiana, Texas, and Illinois, with scales ranging from 50MW to 1000MW. The financing sources include a $200 million revolving credit facility from Two Prime and a $130 million expansion credit provided by Coinbase, with an average cost of 8.4%.
Additionally, Hut 8 has launched a $1 billion stock issuance plan and is in discussions with banks regarding project financing solutions. The company currently holds over 10,000 bitcoins, valued at approximately $1.2 billion, as liquidity reserves.
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