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Hut 8 subsidiary expands Bitcoin-backed credit line to $130 million
Bitcoin miner Hut 8 (NASDAQ | TSX: HUT) announced that its subsidiary has entered into a third revised and restated credit agreement with a platform to modify and expand its Bitcoin-backed credit line from $65 million to $130 million and extend the maturity date to July 16, 2026. The revised agreement converts the floating rate structure to a fixed rate of 9.0%.