Hut 8 swaps Coinbase loan for cheaper FalconX deal, slashing borrowing costs as it bets big on AI
Hut 8 refinanced its $200 million bitcoin-backed credit facility with FalconX, cutting interest rates from 9% to 7% and freeing up 3,300 BTC ($260 million) in collateral. The move reflects miners shifting toward AI infrastructure while reducing debt costs. Similar refinancing trends among competitors like Riot signal growing lender confidence in crypto firms pivoting away from volatile mining revenues.
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