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Hut Eight Secures $200M Bitcoin-Backed Credit Facility
Published 2 weeks, 6 days ago
Description
Hut Eight secures $200M Bitcoin-backed credit facility, reducing interest rate and boosting liquidity. Shares surge as they prepare for Q1 earnings, aiming to cut risks and enhance flexibility. The companys AI pivot, following a challenging fourth quarter, is bolstered by a 15-year AI data center lease worth $7B with Google.
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