On September 28, Hut 8 announced that it has completed a $1.07 billion four-year senior secured revolving credit facility to enhance liquidity at the parent company level and broaden financing channels. The facility is priced based on the ratio of consolidated total debt to market capitalization, with a drawdown spread of SOFR plus 150 to 200 basis points. The initial spread at closing is SOFR plus 175 basis points, with the ability to draw at any time and no penalties for early repayment. Of the total, $1.07 billion is allocated for site development collateral, reducing cash collateral requirements. JPMorgan acted as the lead arranger and bookrunner, with Citigroup, Goldman Sachs, and Morgan Stanley serving as joint lead arrangers and joint bookrunners, alongside a syndicate of 12 lending banks.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Hut 8 Secures $1.07 Billion Four-Year Senior Secured Revolving Credit Facility
-
Wechat scan to share
Recommended for you
-
Rubio Calls for Immediate Departure of Iranian UN Delegation from the U.S.
According to AXIOS: A U.S. official and another informed source revealed that after negotiations between the U.S. and Iran stalled, Rubio demanded on Monday that the Iranian UN delegation leave the United States immediately. This move constitutes a rare diplomatic rebuke. -
Ripple Unlocks 1 Billion XRP Worth Approximately $1.49 Billion
On October 1, according to monitoring by OnchainLens, Ripple has completed the unlocking of 1 billion XRP through its escrow account, with a total value of approximately $1.49 billion. -
Republican Senators Introduce Cryptocurrency Tax Bill in the U.S. Senate
On October 1, Republican members of the U.S. Senate officially introduced a cryptocurrency tax bill. -
Goldman Sachs Delays Fed Rate Hike Expectations from October to December
On October 1, Goldman Sachs stated that the inflation data released by the U.S. on Wednesday, along with remarks made by New York Fed President John Williams yesterday, led them to believe that a rate hike by the Federal Reserve in October is now unlikely. Economists Jan Hatzius, David Mericle, and Alec Phillips noted in a research report that based on the latest inflation report, the core PCE year-over-year growth rate is expected to be 3.0% in the fourth quarter, significantly lower than the FOMC participants' median forecast of 3.4%. As a result, the bank has postponed its expectation for the second rate hike to December, while also considering the possibility that the FOMC will ultimately determine that no further rate hikes are necessary. -
U.S. Diesel Prices Remain High: Industry Executives Expect Recovery in Over a Year
On October 1, the Dallas Federal Reserve's anonymous survey of 100 oil and gas companies revealed that nearly half of the respondents expect diesel prices to take more than four quarters to return to 2025 levels. On Monday, U.S. President Trump and his advisors discussed whether to advance a ban on diesel exports, hoping to lower domestic diesel prices by restricting exports. -
Bank of Japan to Release Summary of September Monetary Policy Meeting in Ten Minutes
On October 1, the Bank of Japan will release the summary of opinions from the members of the Monetary Policy Meeting held in September in ten minutes. -
Restate Completes $20 Million Series A Round, Driven by Demand for Persistent Infrastructure from AI Agents
On September 30, TechCrunch reported that Berlin-based persistent workflow infrastructure company Restate has completed a $20 million Series A funding round, led by Singular, with participation from Redpoint and Capital One Ventures. Its execution engine enables multi-step workflows to withstand crashes and network interruptions, with demand surging due to AI agents operating longer and following more unpredictable paths. Recently, the company has signed multiple six- and seven-figure customer contracts, including with the vibe coding platform Replit. The new funding will be used to build a marketing team, expand engineering, and grow its office in the San Francisco Bay Area, while challenging industry heavyweight Temporal, which was recently valued at $12.55 billion. -
U.S. Diesel Futures Continue to Rise, Up 4.5% Intraday
U.S. diesel futures continue to rise, with an intraday increase of 4.5%. -
U.S. 30-Year Treasury Yield Rises to 5.62%
The yield on U.S. 30-year Treasury bonds has risen to 5.62%, reaching a new high since 2002. -
Apple and Google Both Rise Over 3%
On September 30, Apple and Google, the second and third largest companies by market capitalization in the U.S. stock market, both rose over 3%. Apple's stock price increased by 3.02%, reaching $339.350 per share, with a total market capitalization of $4.95 trillion. Google's Class A stock price rose by 3.3%, reaching $352.185 per share, with a total market capitalization of $4.31 trillion.
Daily Must-Read
-
KeyFlow: Connecting UniKey, AI Agents, and the KEY Value System, Turning Intelligent Services from “Being Called” into “Sustainable Flow”
-
The AI Universe Gateway Is About to Open: KeyFlow Official DApp to Launch Global Public Beta and Genesis Registration on July 29
-
The Invisible Bill: Unpacking the Token Amplification Effect
-
ENI Takes the Stage at WebX Japan and Builds a Bridge from Traditional Capital to the Future Economy
-
GWDC 2026 KOREA: The New Asian Paradigm of Web3 & AI Sets to Debut in Seoul on Sept 29-30, Inviting Global Builders to the Ultimate Developer Summit
-
From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY
All Comments