According to Mars Finance and reported by The Miner Mag, cryptocurrency mining company Hut 8 announced it has secured $330 million in credit support to build 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 sizes 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 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 liquidity reserves.

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