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← Hut 8
Fri, Aug 29, 2025

Hut 8 subsidiary enters $200 million Two Prime revolving credit facility

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Key points

  • Wholly-owned subsidiary Hut 8 MB One entered a credit agreement with Two Prime Lending Limited on August 25, 2025
  • Revolving credit facility of up to $200 million bearing interest at 7.99% per annum
  • Facility matures 364 days after the first borrowing; amounts may be prepaid and reborrowed without penalty
  • Secured by Bitcoin collateral held in custody at BitGo, with Two Prime's recourse limited to the collateral
  • Proceeds expected to be used for general corporate purposes