Bitcoin miner's stock drops despite landing $1.07 billion credit facility

Hut 8 secured a $1.07 billion credit facility to expand its AI data center business. The four-year agreement will fund infrastructure, easing early-stage cash burdens. No funds have been drawn yet, and Hut 8 must maintain liquidity above a set threshold if it uses the facility.

Hut 8 Corp. (HUT) closed a $1.07 billion revolving facility led by JPMorgan, adding to $7.5 billion in project bonds for AI data centers in Louisiana and Texas. The financing model, backed by long-term contracts with Google and other investment-grade counterparts, is expected to set a precedent for the industry. The company's campuses, Beacon Point and River Bend, have contracted 949 megawatts of capacity with an aggregate base-term contract value of $26.6 billion.

Hut 8 Corp. closed a $1.07 billion four-year revolving credit facility to boost liquidity and support its AI data center projects. The facility offers flexible, non-dilutive capital at SOFR plus 175 basis points initially, with J.P. Morgan as lead arranger.

Hut 8 Corp. secured a $1.07 billion senior secured revolving credit facility led by JPMorgan, effective September 24, 2026. The four-year facility, with a matching letter of credit sublimit, is for general corporate and working capital purposes. Interest rates are based on Adjusted Term SOFR plus 1.50%–2.00% or an alternate base rate plus 0.50%–1.00%, with a 0.00% SOFR floor. No amounts were outstanding at closing.

Hut 8 Corp. secured a $1.07B revolving credit facility on September 24, 2026. The agreement, with JPMorgan Chase as agent, allows for loans at variable rates and is secured by company assets. Proceeds will be used for general corporate purposes and working capital. No amounts were outstanding at closing.

Hut 8 Corp. secured a US$1.07B four-year senior revolving credit facility. The line can be used for utility and equipment commitments, reducing cash collateral needs. The borrowing margin starts at SOFR plus 175 basis points. Hut 8 shares closed at US$96.82 on Nasdaq and C$137.00 in Toronto on Sept. 25.