$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 intended to cover site-development collateral such as interconnection deposits and utility and equipment-vendor obligations, reducing cash collateral needs.
Source (primary)
Hut 8 Closes $1.07 Billion Revolving Credit Facility - IndexBox (-, news_article)
View cached copy (2026-09-29)Live source ↗Archive.org ↗
Quote: “A $1.07 billion letter-of-credit sublimit within the facility is intended to cover collateral requirements related to site development, such as interconnection deposits and obligations to utilities and equipment vendors, lowering the need to post cash collateral.”
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 Closes $1.07 Billion Revolving Credit Facility - IndexBox
Quote: “A $1.07 billion letter-of-credit sublimit within the facility is intended to cover collateral requirements related to site development, such as interconnection deposits and obligations to utilities and equipment vendors, lowering the need to post cash collateral.”