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Anchorage Refinanced Loan

Company: Hut 8

Subject kind
financing
Statement date
2023-11-30
Promised by
2028-02-02
Promised amount
49.0 USD
Current status
stated

The claim, verbatim

USBTC refinanced equipment loan with Anchorage for approximately $49 million with 5-year term maturing February 2, 2028

Source (primary)

Hut 8 8-K filed 2023-12-01 (SEC EDGAR, sec_filing)
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Quote: “USBTC (and certain of its subsidiaries) entered into that certain Loan, Guaranty and Security Agreement dated as of February 3, 2023 with Anchorage with a term of 5 years... As of February 3, 2023, USBTC (and the Loan Parties) owe, and have agreed to repay, approximately $49.0 million to Anchorage, in addition to interest... the principal balance and any additional interest is due as a balloon payment on or before February 2, 2028.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Hut 8 8-K filed 2023-12-01

Quote: “USBTC (and certain of its subsidiaries) entered into that certain Loan, Guaranty and Security Agreement dated as of February 3, 2023 with Anchorage with a term of 5 years... As of February 3, 2023, USBTC (and the Loan Parties) owe, and have agreed to repay, approximately $49.0 million to Anchorage, in addition to interest... the principal balance and any additional interest is due as a balloon payment on or before February 2, 2028.”

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