Hut 8 Corp. entered into a $1.07 billion senior secured revolving credit facility on September 24, 2026, with JPMorgan Chase Bank as administrative agent and a syndicate of twelve lenders. The four-year facility includes a $1.07 billion letter of credit sublimit to support site development collateral requirements. Interest rates are based on Adjusted Term SOFR plus a margin of 1.50% to 2.00%, initially set at 1.750%. No amounts were outstanding as of the closing date. The proceeds are designated for general corporate purposes and working capital needs, aiming to enhance parent-level liquidity and support the company's pursuit of an investment-grade profile while funding its AI data center development pipeline. Hut 8 operates in the energy infrastructure sector, integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as artificial intelligence.
