$200M FalconX credit facility at 7% interest
Company: Hut 8
The claim, verbatim
Hut 8 secured a $200 million Bitcoin-backed credit facility from FalconX at a fixed interest rate of 7%, replacing a prior Coinbase Credit facility at 9%.
Source (primary)
Hut 8 Cuts Borrowing Rate to 7% With $200M FalconX Deal - CoinMarketCap (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “Hut 8 secured a $200 million Bitcoin-backed credit facility from institutional crypto prime brokerage FalconX on May 4, replacing a prior arrangement with Coinbase Credit. The new facility carries a fixed interest rate of 7%, down from 9% under the previous Coinbase structure.”
How we checked this
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Additional evidence
confirms Hut 8 Cuts Borrowing Rate to 7% With $200M FalconX Deal - CoinMarketCap
Quote: “Hut 8 secured a $200 million Bitcoin-backed credit facility from institutional crypto prime brokerage FalconX on May 4, replacing a prior arrangement with Coinbase Credit. The new facility carries a fixed interest rate of 7%, down from 9% under the previous Coinbase structure.”