$1.07B letter-of-credit sublimit for site development collateral
Company: Hut 8
The claim, verbatim
The facility includes a $1.07 billion letter-of-credit sublimit covering site development collateral, including interconnection deposits and obligations to utilities and equipment vendors, reducing the need to post cash collateral.
Source (primary)
Hut 8 Secures $1.07 Billion Senior Secured Revolving Credit Facility - energynews.pro (-, news_article)
View cached copy (2026-09-29)Live source ↗
Quote: “A $1.07 billion letter-of-credit sublimit embedded in the facility covers collateral requirements tied to 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 Senior Secured Revolving Credit Facility - energynews.pro
Quote: “A $1.07 billion letter-of-credit sublimit embedded in the facility covers collateral requirements tied to site development, including interconnection deposits and obligations to utilities and equipment vendors”