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← Hut 8
Mon, Sep 28, 2026

Hut 8 closes $1.07 billion senior secured revolving credit facility

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Key points

  • Hut 8 closed a $1.07 billion four-year senior secured revolving credit facility at the parent level.
  • Drawn margin ranges from SOFR+150 to 200 bps based on consolidated total debt-to-market-cap, initially SOFR+175 bps; no prepayment penalties.
  • Includes a $1.07 billion letter-of-credit sublimit to cover interconnection deposits and utility and equipment-vendor collateral instead of posting cash.
  • Intended to fund projects through development before long-term non-recourse project financing, supporting an investment-grade corporate profile.
  • J.P. Morgan was lead left arranger and administrative agent; Citi, Goldman Sachs and Morgan Stanley joint lead arrangers; 12-lender syndicate.