According to ChainCatcher news and reported by 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 an expanded capacity of 1.53GW.
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%. 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, worth approximately $1.2 billion, as liquidity reserves.
