CEO states deal reduces cost of capital, risk, and increases unencumbered BTC
Company: Hut 8
The claim, verbatim
CEO Asher Genoot stated the arrangement is designed to lower the cost of capital, reduce risk, expand strategic flexibility, and increase the company's position of unencumbered BTC.
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: “CEO Asher Genoot said the arrangement is designed to lower the cost of capital, reduce risk, and expand strategic flexibility. He added that it increases the company's position of unencumbered BTC.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document attributes to CEO Asher Genoot all four points: lowering cost of capital, reducing risk, expanding strategic flexibility, and increasing unencumbered BTC.
Confirmed in the source:
- CEO Asher Genoot said the arrangement is designed to lower the cost of capital, reduce risk, and expand strategic flexibility
- Genoot said it increases the company's position of unencumbered BTC
What we did: Read our cached copy of the publisher (https://coinmarketcap.com/academy/article/hut-8-cuts-borrowing-rate-7percent-dollar200m-falconx-deal) in full (5,342 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 Cuts Borrowing Rate to 7% With $200M FalconX Deal - CoinMarketCap
Quote: “CEO Asher Genoot said the arrangement is designed to lower the cost of capital, reduce risk, and expand strategic flexibility. He added that it increases the company's position of unencumbered BTC.”