PANews June 24 news, according to GlobeNewswire, Hut 8 announced the signing of a third amended and restated credit agreement with Coinbase Credit, Inc., increasing the Bitcoin collateralized credit limit from $65 million to $130 million, and extending the maturity date to July 16, 2026. This adjustment not only increases non-dilutive capital but also changes the interest rate from a floating rate to a fixed rate of 9.0%, further reducing the cost of funds.
