Hut 8 has secured a total of $330 million in credit support from Two Prime and Coinbase

According to news from Hashlink, The Miner Mag reports that cryptocurrency mining company Hut 8 has announced the acquisition of $330 million in credit support to establish four large infrastructure projects in the United States, totaling an expansion of 1.53GW 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 agreement with Two Prime and a $130 million expansion credit provided by Coinbase, with an average cost of 8.4%. Additionally, Hut 8 has launched a $1 billion stock issuance plan and is negotiating project financing options with banks. The company currently holds over 10,000 bitcoins, valued at approximately $1.2 billion, as a liquidity reserve.