$1.07B letter-of-credit sublimit
Company: Hut 8
The claim, verbatim
The revolver includes a $1.07 billion letter-of-credit sublimit to meet site development collateral requirements such as interconnection deposits and utility/equipment supplier commitments.
Source (primary)
Hut 8 Secures $1B Revolving Credit Facility to Support AI Infrastructure Growth - TheEnergyMag (-, news_article)
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Quote: “The credit line includes a $1.07 billion letter-of-credit sublimit designed to meet collateral requirements related to site development”
How we checked this
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Additional evidence
confirms Hut 8 Secures $1B Revolving Credit Facility to Support AI Infrastructure Growth - TheEnergyMag
Quote: “The credit line includes a $1.07 billion letter-of-credit sublimit designed to meet collateral requirements related to site development”