$1.07B letter-of-credit sublimit for site collateral
Company: Hut 8
The claim, verbatim
The facility includes a $1.07 billion letter-of-credit sublimit that Hut 8 plans to use for site development collateral, including interconnection deposits and obligations to utilities and equipment vendors.
Source (primary)
Hut 8 Secures $1.07 Billion Revolving Credit Facility to Expand Liquidity - citybiz.co (-, news_article)
View cached copy (2026-09-29)Live source ↗Archive.org ↗
Quote: “The financing also includes a $1.07 billion letter-of-credit sublimit.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Hut 8 Secures $1.07 Billion Revolving Credit Facility to Expand Liquidity - citybiz.co
Quote: “The financing also includes a $1.07 billion letter-of-credit sublimit.”