Hut 8 Corp. , one of North America's largest, innovation-focused digital asset mining pioneers, and high performance computing infrastructure provider, announced today that, together with its subsidiary,
Hut 8 Mining Corp. , it has entered into an amendment and restatement of its credit facility with a subsidiary of Coinbase Global, Inc. , as lender, in connection with the extension of an additional loan in the amount of US$15M to the Borrower, increasing the aggregate principal amount of the loans under the Credit Facility to US$65 million. The New Loan is expected to be used for general corporate purposes and funded at or shortly following closing. All amounts borrowed under the Credit Facility will bear interest at a rate equal to the greater of the federal funds rate on t...