Hut 8 Secures $200M Credit Line as Miners Struggle

[cryptobro]

Hut 8 has expanded its credit facility with Coinbase to $200 million, underscoring its strong positioning in a mining sector under pressure. The expanded facility was disclosed in an amended filing with the Securities and Exchange Commission and will be used for general corporate purposes.

The move comes as many Bitcoin miners face shrinking margins and rising costs, making access to capital increasingly scarce. Hut 8’s ability to secure additional financing highlights its relative strength and sets it apart from peers navigating one of the toughest cycles in mining history.

[96f402f86e]

getting a $200m credit line from Coinbase while other miners are starving is a pretty loud signal