Facility liquidity covenant 40%
Company: Hut 8
The claim, verbatim
If the facility is used, Hut 8 must maintain liquidity equal to 40% of the total credit line starting at the end of March 2027, later dropping to 25%.
Source (primary)
Hut 8 Secures $1.07 Billion Credit Facility to Expand AI Data Center Investment - bloomingbit (-, news_article)
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Quote: “Starting at the end of March 2027, it must initially hold liquidity equal to 40% of the total credit line, with that requirement later dropping to 25%.”
How we checked this
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Additional evidence
confirms Hut 8 Secures $1.07 Billion Credit Facility to Expand AI Data Center Investment - bloomingbit
Quote: “Starting at the end of March 2027, it must initially hold liquidity equal to 40% of the total credit line, with that requirement later dropping to 25%.”