Committed bank liquidity expands funding capacity across the development lifecycle
MIAMI, Sept. 28, 2026 /PRNewswire/ -- Hut 8 Corp. ((Nasdaq, TSX:HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced the closing of a $1.07 billion four-year senior secured revolving credit facility (the "Facility").
The Facility strengthens Hut 8's parent-level liquidity and broadens access to capital as the Company continues to pursue an investment-grade corporate profile. The financing builds on Hut 8's track record of disciplined capital markets execution, including $7.5 billion of fully amortizing, non-recourse investment-grade project financing to fund development and construction at its River Bend and Beacon Point AI data center campuses.
Facility Highlights
- Provides immediate access to non-dilutive capital: The Facility provides committed capital at a drawn margin ranging from SOFR plus 150 to 200 basis points based on the Company's consolidated total debt-to-market-capitalization ratio, with an initial margin of SOFR plus 175 basis points at closing. Subject to customary conditions, borrowings can be drawn as needed and repaid without prepayment penalties.
- Preserves financing flexibility: Committed liquidity for interim working capital needs allows Hut 8 to optimize the timing and structure of long-term financing.
- Improves capital efficiency across the project lifecycle: The Facility's $1.07 billion letter-of-credit sublimit supports collateral requirements associated with site development, including interconnection deposits and obligations to utilities and equipment vendors, reducing the need to post cash collateral.