Hut 8 Cuts Borrowing Rate to 7% After $200M FalconX Bitcoin Credit Deal
On May 4, Hut 8 secured a $200 million Bitcoin-backed credit facility from FalconX, cutting its borrowing rate to 7% and replacing its prior Coinbase Credit arrangement. The miner is set to report Q1 results on May 7, 2026. Hut 8 posted a $279.7 million net loss in Q4 2025, driven by a $401.9 million digital-asset loss, while it expands into AI data-center infrastructure.