Bitcoin Miner Hut 8 Secures Up to $50M in Loans From Coinbase

bitcoin miner hut 8 secures up to 50m in loans from coinbase

Hut 8’s new credit facility is made up of a $15 million term loan “which is expected to be funded at or shortly following closing,” an option to draw an additional $20 million between one and two months later, and another $15 million within 15 business days after completing the merger with USBTC, the press release said.

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