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Hut 8 Increases Bitcoin Staking Credit to $130 Million Fixed Interest Rate Reduces Cost of Funding
PANews reported on June 24 that Hut 8 announced that it had signed a third amended and restated credit agreement with Coinbase Credit, Inc., increasing the Bitcoin pledge credit limit from $65 million to $130 million, and extending the maturity date to July 16, 2026. The adjustment not only increased non-dilutive capital, but also shifted the interest rate from a floating rate to a fixed rate of 9.0%, further reducing the cost of funds.