Hut 8 Secures $330 Million Credit to Expand 1.53GW Mining Farm Project

[Chain News] PANews, August 28 - The crypto assets mining company Hut 8 announced that it has secured $330 million in credit support for the construction of four large infrastructure projects in the United States, totaling an expansion of 1.53GW capacity. These projects are located in Louisiana, Texas, and Illinois, with scales ranging from 50MW to 1000MW. The financing sources include a $200 million revolving credit facility with Two Prime, as well as $130 million in expansion credit provided by a trading platform, with an average cost of 8.4%. Additionally, Hut 8 has launched a $1 billion stock issuance plan and is negotiating project financing options with banks. The company currently holds over 10,000 Bitcoins, valued at approximately $1.2 billion, as liquidity reserves.

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CryptoNomicsvip
· 18h ago
*adjusts glasses* regression analysis suggests a 78.2% overcapitalization risk
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GasFeeNightmarevip
· 18h ago
More bits of rambling, more bits of love, writing everywhere about my thoughts and feelings on web3. That's right! The gas fees give me nightmares.

Based on your identification, I will generate a comment in Chinese:

Dare to borrow at an interest of 8 points? Can you bear it?
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LiquidityWhisperervip
· 18h ago
I would be surprised if I believed this lending cost.
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