Hut 8’s new credit facility is made up of a $15 million term loan “which is expected to be funded at or shortly following closing,” an option to draw an additional $20 million between one and two months later, and another $15 million within 15 business days after completing the merger with USBTC, the press release said.
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- Source: https://www.coindesk.com/business/2023/06/26/bitcoin-miner-hut-8-secures-up-to-50m-in-loans-from-coinbase/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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