PANews August 28 news, according to The Miner Mag, cryptocurrency mining company Hut 8 announced that it has obtained $330 million in credit support for the construction of four large infrastructure projects in the United States, totaling 1.53GW in capacity. These projects are located in Louisiana, Texas, and Illinois, with scales ranging from 50MW to 1000MW. The financing sources include a $200 million revolving credit facility with Two Prime and a $130 million expansion credit provided by Coinbase, with an average cost of 8.4%.

In addition, Hut 8 has also launched a $1 billion stock issuance plan and is negotiating project financing solutions with banks. The company currently holds over 10,000 bitcoins, valued at approximately $1.2 billion, as a liquidity reserve.