Nasdaq-listed Bitcoin mining and vitality infrastructure firm Hut 8 secured a $200 million Bitcoin-backed credit score facility from institutional crypto prime brokerage FalconX, changing its prior credit score facility with Coinbase Credit score.
The brand new facility reducwd the corporate’s mounted rate of interest to 7% from 9% beneath the prior Coinbase credit score construction, as a part of the corporate’s deal with reducing the price of debt on its Bitcoin-backed credit score and broader value of capital, mentioned Hut 8 in a Monday announcement.
The refinancing unencumbered about 3,300 BTC, price roughly $260 million, from the collateral bundle after changing the prior Coinbase facility, Hut 8 mentioned.
The deal exhibits how Bitcoin miners and vitality infrastructure companies are utilizing BTC reserves to handle liquidity with out promoting their holdings, as Hut 8 expands into AI knowledge facilities and prepares to report first-quarter earnings on Wednesday.
“Our capital technique is designed to decrease our value of capital, cut back danger, and broaden strategic flexibility,” mentioned Asher Genoot, CEO of Hut 8, including that the brand new facility helps enhance the corporate’s value of debt on Bitcoin-backed credit score and “expands our place of unencumbered Bitcoin.”
On Feb. 25, Hut 8 posted a fourth-quarter web lack of a $279.7 million, from earnings of $152.2 million a yr earlier, Cointelegraph reported. The outcomes had been affected by a $401.9 million loss on digital belongings within the quarter, in contrast with a $308.2 million enhance a yr earlier.
High Bitcoin mining corporations by market capitalization. Supply: Companiesmarketcap.com
Hut 8 is the third-largest Bitcoin mining agency by market capitalization, at present price about $8.6 billion according to Companiesmarketcap knowledge. Nonetheless, it solely ranks because the Seventeenth-largest Bitcoin miner by way of hash charge, according to Bitcoinminingstock.
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Hut 8 shares rise in pre-market buying and selling
Shareholders welcomed the brand new Bitcoin-backed credit score facility, as Hut 8 shares rose over 1.1% in pre-market buying and selling on Monday, data from Yahoo Finance exhibits.
Hut 8 inventory worth, year-to-date chart. Supply: Yahoo Finance
Hut 8’s inventory worth is up over 67% year-to-date and has gained important traction because the Bitcoin miner introduced its growth to AI knowledge heart infrastructure.
On Dec. 17, 2025, Hut 8 signed a 15-year lease for 245 megawatts of AI data heart capability at its River Bend campus valued at $7 billion. The settlement consists of funds financially backstopped by Google and builds on Hut 8’s broader growth into AI.
Different Bitcoin miners that introduced strategic pivots to AI infrastructure embrace CleanSpark, Core Scientific, HIVE Digital and MARA Holdings.
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