Hut 8 Lands $1.07 Billion Revolver from JPMorgan

Hut 8, a leading cryptocurrency mining company, has secured a massive $1.07 billion four-year senior secured revolving credit facility led by JPMorgan.

The agreement allows for general corporate purposes and working capital financing, with interest rates based on Adjusted Term SOFR plus 1.50%, 2.00%, or an alternate base rate plus 0.50%, 1.00%. The deal also includes a matching $1.07 billion letter of credit sublimit.

No amounts were outstanding at closing, and the agreement runs for four years from September 24, 2026.