Full revolver usable for letters of credit
Company: Hut 8
The claim, verbatim
The entire $1.07 billion facility can be used to post letters of credit instead of cash collateral.
Source (primary)
Hut 8 Closes Two-Tier AI Data Center Finance Stack; JPMorgan Leads 12-Bank Revolver - Tech Times (-, news_article)
View cached copy (2026-10-05)Live source ↗Archive.org ↗
Quote: “the full $1.07 billion facility can be used to post letters of credit rather than cash”
How we checked this
Checked on October 6, 2026. The cited source supports every part of this claim.
The article states that the letter-of-credit sublimit covers the entire facility, which lets letters of credit substitute for cash collateral.
Confirmed in the source:
- The full $1.07 billion facility can be used to post letters of credit rather than cash
What we did: Read our cached copy of the publisher (https://www.techtimes.com/articles/328138/20260928/hut-8-closes-two-tier-ai-data-center-finance-stack-jpmorgan-leads-12-bank-revolver.htm) in full (17,743 characters, retrieved October 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Closes Two-Tier AI Data Center Finance Stack; JPMorgan Leads 12-Bank Revolver - Tech Times
Quote: “the full $1.07 billion facility can be used to post letters of credit rather than cash”