Hut 8 closes $1.07B four-year senior secured revolver led by JPMorgan; undrawn at closing

Hut 8 Corp.

Credit Agreement dated September 24, 2026 gives Hut 8 a $1.07B senior secured revolving facility, including a $1.07B letter-of-credit sublimit; no amounts outstanding at closing.
Pricing at Adjusted Term SOFR (0.00% floor) plus 1.50%-2.00%, or ABR plus 0.50%-1.00%; initial margins 1.750% and 0.750%, based on consolidated total debt-to-market-cap ratio.
Minimum liquidity covenant from quarter ending March 31, 2027: 40% of aggregate commitments before the Stabilization Date, 25% after; equity cure rights included.
Obligations guaranteed by restricted subsidiaries and secured by a first-priority lien on substantially all assets; syndicate of 12 lenders with JPMorgan as administrative and collateral agent.
CFO Sean Glennan cites over $1B of committed non-dilutive parent-level liquidity, after $7.5B of investment-grade project financing for River Bend and Beacon Point AI data centers.

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