Hut 8 secures $200M Bitcoin-backed revolving credit facility at 7.99% interest

Hut 8 Corp.

Credit agreement with Two Prime Lending Ltd. for up to $200M revolving credit facility.
Interest rate of 7.99% per annum; facility matures 364 days after first draw.
Collateralized by Bitcoin held at BitGo Trust Company; recourse limited to collateral.
Margin call triggered if collateral-to-loan ratio falls to ≤135%; must post to restore 160%.
Borrower may request collateral release if ratio ≥190% for three consecutive calendar days.

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