Hut 8 Replaces Coinbase Loan With $200M FalconX Deal

CryptoFrontier
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Hut 8 has replaced its Coinbase Credit arrangement with a new $200 million, 364-day bitcoin-backed facility from FalconX, reducing its borrowing costs by 200 basis points.

Loan Structure and Terms

The new facility is denominated in bitcoin and structured as a 364-day loan, replacing the previous Coinbase Credit arrangement. The 200 basis point reduction in debt costs represents a significant decrease in Hut 8’s financing expenses.

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