Foresight News reports, according to Theminermag, that cryptocurrency mining company Hut 8 has secured a total of $330 million in credit support for a 1.5 gigawatt capacity expansion plan in the United States. This includes a $200 million revolving credit facility from digital asset investment firm Two Prime, as well as a $130 million credit line from Coinbase, with a weighted average cost of 8.4%. Hut 8 plans to develop four large-scale infrastructure sites in Louisiana, Texas, and Illinois, with individual project sizes ranging from 50 megawatts to 1000 megawatts. Upon completion of the projects, Hut 8's managed capacity will exceed 2.5 gigawatts, covering 19 sites.