Hut 8 cuts bitcoin credit costs with FalconX refinancing, freeing 3,300 BTC from collateral
Hut 8 (HUT), a Bitcoin miner turned energy and artificial intelligence computing company, has refinanced its Bitcoin-backed credit facility, replacing its existing Coinbase credit facility with a new $200 million credit facility from FalconX. With the new agreement, Hut 8 is reducing its fixed rate from 9% to 7%, an increase of 200 basis points,…