Plan to use revolver as bridge to long-term non-recourse project financing
Company: Hut 8
The claim, verbatim
CFO Sean Glennan said the facility will let Hut 8 fund projects through development while it determines the optimal timing and structure for long-term, non-recourse financing as projects de-risk.
Source (primary)
Hut 8 closes $1.07 billion secured revolver for AI data centers - Yahoo Finance (-, news_article)
View cached copy (2026-09-29)Live source ↗Archive.org ↗
Quote: “giving us the ability to fund projects through development while we determine the optimal timing and structure for long-term, non-recourse financing as they de-risk”
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: “giving us the ability to fund projects through development while we determine the optimal timing and structure for long-term, non-recourse financing as they de-risk”