Hut 8 Secures $1.07 Billion Four-Year Senior Secured Revolving Credit Line
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Hut 8 Corp. ( HUT ) announced on September 28, 2026 the closing of a $1.07 billion four-year senior secured revolving credit facility, provided by a syndicate of 12 lenders. J.P. Morgan acted as Lead Left Arranger and Bookrunner and serves as Administrative Agent, while Citi, Goldman Sachs ( GS ) and Morgan Stanley ( MS ) served as Joint Lead Arrangers and Joint Bookrunners. The Miami-based company describes itself as an energy infrastructure platform integrating power, digital infrastructure and compute at scale to fuel energy-intensive technologies such as AI, high-performance computing and ASIC compute. Hut 8 said the facility strengthens parent-level liquidity and broadens its access to capital as it pursues an investment-grade corporate profile. The company said the financing builds on $7.5 billion of fully amortizing, non-recourse investment-grade project financing funding development and construction at its River Bend and Beacon Point AI data center campuses. Borrowings under the facility carry a drawn margin ranging from SOFR plus 150 to 200 basis points, set according to 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. The facility includes a $1.07 billion letter-of-credit...
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