Letter-of-credit sublimit to cover site development collateral
Company: Hut 8
The claim, verbatim
Hut 8 plans to use the facility's $1.07 billion letter-of-credit sublimit to address collateral requirements for site development, 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)
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Quote: “Hut 8 plans to use that capacity to address collateral requirements associated with site development, including interconnection deposits and obligations to utilities and equipment vendors.”
How we checked this
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Additional evidence
confirms Hut 8 Secures $1.07 Billion Revolving Credit Facility to Expand Liquidity - citybiz.co
Quote: “Hut 8 plans to use that capacity to address collateral requirements associated with site development, including interconnection deposits and obligations to utilities and equipment vendors.”