US$1.07B letter-of-credit sublimit for utility and vendor obligations
Company: Hut 8
The claim, verbatim
The facility includes a US$1.07 billion letter-of-credit sublimit within the revolver, which Hut 8 identified for use on interconnection deposits and obligations to utilities and equipment vendors.
Source (primary)
Hut 8 adds US$1.07B secured credit line for AI campuses - mugglehead.com (-, news_article)
View cached copy (2026-09-29)Live source ↗Archive.org ↗
Quote: “Hut 8 identified interconnection deposits and obligations to utilities and equipment vendors as uses for those letters.”
How we checked this
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Additional evidence
confirms Hut 8 adds US$1.07B secured credit line for AI campuses - mugglehead.com
Quote: “Hut 8 identified interconnection deposits and obligations to utilities and equipment vendors as uses for those letters.”