Hut 8 Taps Falconx for $200M Facility, Drops Price to 7% and Increases Access to BTC
Key Takeaways:
Hut 8 has secured a $200 million credit facility at 7.0% through Falconx, replacing its previous Coinbase deal. The deal was 3,300 not found. bitcoin In the year Worth $260 million on May 1, 2026, reflecting lower industry debt costs. The CEO of the company, Asher Jeannot, uses it Liquidity With Hatch 8 to accelerate growth and compute infrastructure.
Opening Bitcoin Liquidity
Hut 8 Corporation has announced the acquisition of a $200 million bitcoin-backed credit facility by digital asset broker Falconx, a move aimed at reducing the company's debt costs and increasing its liquidity. Crypto Possessions. The 364-day facility replaces the previous line of credit with Coinbase Credit and carries a fixed interest rate of 7.0%.
According to a press release, the new agreement represents a 200-basis-point reduction from the 9.0% rate under the previous Coinbase agreement. Hat 8 executives said the restructuring is part of a broader strategy to optimize the company's balance sheet while expanding its energy and digital infrastructure operations.
“Our capital strategy is designed to reduce our cost of capital, reduce risk and expand strategic flexibility,” Hut8 CEO Asher Gennot said in a statement, adding that the deal adds to the company's “untapped potential.” bitcoin– Non-collateralized assets – which increases financial flexibility Flexible Market cycles.
As a result of the new terms, as of May 1, 2026, approximately 3,300 BTC worth approximately $260 million is released from collateral requirements. These funds are now available for the company to use as general liquidity.
The deal includes several borrower protections, such as a “re-hypothecation” covenant that Falconx Bitcoin Hat 8 pledges as collateral. It also features a limited return structure and fixed loan-to-value limits that protect the company from automatic “ratchet” strategies should the price of bitcoin fall.
Heat 8 CFO Sean Glennan said the company's interest rate cut could be as high as 450 basis points between late 2023 and early 2025.
Falconix's head of credit, Craig Birchall, praised Hut 8's “diversified income streams” and credit profile, a combination of institutional stability and digital asset balance that is rare in today's market.
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