Hut 8 gets $130 million credit line from Coinbase

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According to Foresight News, Bitcoin mining company Hut 8 (NASDAQ | TSX: HUT) announced that its subsidiary has signed a third amended and restated credit agreement with Coinbase Credit to modify and expand its Bitcoin-backed credit line, increasing it from $65 million to $130 million and extending the maturity date to July 16, 2026. The revised agreement converts the floating rate structure to a fixed rate of 9.0%.

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