Facility use of proceeds
Company: Hut 8
The claim, verbatim
The credit facility can cover AI data center development costs including power-grid interconnection deposits and payments to equipment suppliers.
Source (primary)
Hut 8 Secures $1.07 Billion Credit Facility to Expand AI Data Center Investment - bloomingbit (-, news_article)
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Quote: “The facility can cover costs tied to data center development, including power-grid interconnection deposits and payments to equipment suppliers.”
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: “The facility can cover costs tied to data center development, including power-grid interconnection deposits and payments to equipment suppliers.”