Hut 8 replaced its Coinbase Credit arrangement with a new $200 million, 364-day bitcoin-backed facility from FalconX, cutting debt costs by 200 basis points, according to the announcement.
New Facility Details
The facility is structured as a 364-day bitcoin-backed loan for $200 million. The arrangement reduces Hut 8’s borrowing costs compared to its previous Coinbase Credit arrangement by 200 basis points.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Fidelity Data: 60/40 Portfolio With 3% Bitcoin Hits 14.6% Annualized Returns Over Past 10 Years
According to Cointelegraph, Fidelity Digital Assets data shows that a traditional 60/40 portfolio with 3% Bitcoin allocation would have generated annualized returns of 14.6% over the past 10 years, up from 9.4% without Bitcoin. The 3% allocation increased annualized volatility to 12.04% from 10.26%,
GateNews7m ago
Bitcoin Price Is Once Again Trading Above $80,000, Reigniting Bullish Sentiments, How High Can BTC Go?
UAE Sovereign Wealth Fund discloses buying $320 million worth of Bitcoin ETF.
This signals oil money flowing into crypto.
Response state it is bullish to see the country diversifying its portfolio into crypto.
The price of Bitcoin has been slowly moving towards higher targets since the
CryptoNewsLand16m ago
Grayscale States Quantum Computing Not Primary Driver of Bitcoin's Recent Price Decline
According to Grayscale, on May 5, quantum computing is not the primary driver of Bitcoin's recent price decline. While advanced quantum computers pose a long-term potential threat to traditional cryptography, Grayscale noted that Bitcoin and quantum computing-focused stocks have moved in tandem
GateNews2h ago
Whale Deposits $5.1M USDC to HyperLiquid, Opens $5.1M BTC Long Position
Gate News message, a whale deposited $5.1M USDC into HyperLiquid and opened a 63 BTC long position with 1x leverage, valued at $5.1M, with a liquidation price of $31.18. Previously, the whale mostly traded HYPE and made $330K.
GateNews3h ago
