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Cryptocurrency Mining Firm Hut 8 Secures $330 Million Credit Support for 1.5GW Capacity Expansion Plan
Summary: According to reports from The Miner Mag, Hut 8 plans to develop four large-scale infrastructure projects in the United States, advancing a total of 1530 megawatts (MW) of capacity as part of its expansion from Bitcoin mining to a broader digital infrastructure strategy. These new projects span Louisiana, Texas, and Illinois, with capacities ranging from ...
According to reports from The Miner Mag, Hut 8 plans to develop four large-scale infrastructure projects in the United States, advancing a total of 1530 megawatts (MW) of capacity as part of its expansion from Bitcoin mining to a broader digital infrastructure strategy. These new projects span Louisiana, Texas, and Illinois, with capacities ranging from 50 MW to 1000 MW, bringing Hut 8's potential pipeline total capacity to over 10 GW. Once operational, this latest expansion will increase Hut 8's managed platform capacity to 19 sites, exceeding 2.5 GW. To support this construction plan, Hut 8 is utilizing various financing channels, including a new $200 million revolving credit facility with digital asset investment firm Two Prime, and a $130 million credit facility expanded and repriced with Coinbase.
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Link: Cryptocurrency Mining Firm Hut 8 Secures $330 Million Credit Support for 1.5GW Capacity Expansion Plan [Copy]
