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Hut 8 Secures $200M FalconX Credit Facility at 7% Against Bitcoin
Hut 8 secured a $200 million Bitcoin-backed credit facility from FalconX, replacing a prior structure with Coinbase Credit. The new facility carries a fixed 7% interest rate, down from 9% under the previous arrangement. Hut 8 said the refinancing also freed about 3,300 BTC from collateral restrictions.