Hut 8 (HUT) Announces $65M Amended and Restated Credit Facility with Coinbase (COIN)
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Hut 8 Announces US$65 Million Amended and Restated Credit Facility with Coinbase
January 12, 2024 6:30 AM ESTMIAMI, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (Hut 8 or the Company), one of North Americas largest, innovation-focused digital asset mining pioneers, and high performance computing infrastructure provider, announced today that, together with its subsidiary, Hut 8 Mining Corp. (the Borrower), it has entered into an amendment and restatement of its credit facility (the Credit Facility) with a subsidiary of Coinbase Global, Inc. (Nasdaq: COIN) (Coinbase), as lender, in connection with the extension of an additional loan in the amount of US$15M (the New Loan) to the Borrower, increasing the aggregate principal amount of... More
