Revolver usable for letters of credit on interconnection, utility and vendor deposits
Company: Hut 8
The claim, verbatim
Up to the full $1.07 billion commitment can be used for letters of credit, which Hut 8 said can cover interconnection deposits and amounts owed to utility providers and equipment vendors without posting cash collateral.
Source (primary)
Hut 8 closes $1.07 billion secured revolver for AI data centers - Yahoo Finance (-, news_article)
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Quote: “Hut 8 said the letters can cover deposits tied to interconnections and amounts owed to utility providers and equipment vendors without posting cash collateral.”
How we checked this
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Additional evidence
confirms Hut 8 closes $1.07 billion secured revolver for AI data centers - Yahoo Finance
Quote: “Hut 8 said the letters can cover deposits tied to interconnections and amounts owed to utility providers and equipment vendors without posting cash collateral.”