Minimum-liquidity covenant 40%/25% from Q1 2027
Company: Hut 8
The claim, verbatim
A minimum-liquidity covenant begins with the quarter ending March 31, 2027, set at 40% of commitments before a defined stabilization date and 25% afterward, subject to equity cure rights.
Source (primary)
Hut 8 locks in $1B credit line, but faces 40% liquidity rules - CryptoSlate (-, news_article)
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Quote: “a minimum-liquidity covenant beginning with the quarter ending March 31, 2027. Its threshold is 40% of commitments before a defined stabilization date and 25% afterward”
How we checked this
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Additional evidence
confirms Hut 8 locks in $1B credit line, but faces 40% liquidity rules - CryptoSlate
Quote: “a minimum-liquidity covenant beginning with the quarter ending March 31, 2027. Its threshold is 40% of commitments before a defined stabilization date and 25% afterward”