- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Crypto Mining Firm Hut 8 Receives $330 Million Credit Support for 1.5GW Capacity Expansion Plan
BlockBeats News, August 26th, according to theminermag report, Hut 8 plans to develop four large-scale infrastructure projects in the United States, advancing a total of 1530 megawatts (MW) in capacity, as part of its expansion from Bitcoin mining to a broader digital infrastructure strategy. These new projects span Louisiana, Texas, and Illinois, with capacities ranging from 50 MW to 1000 MW, bringing Hut 8's potential pipeline capacity to over 10 GW. Once operational, this latest expansion will increase Hut 8's managed platform capacity to 19 sites, exceeding 2.5 GW.
To support this construction plan, Hut 8 is leveraging various financing channels, including a new $200 million revolving credit facility with digital asset investment firm Two Prime and a $130 million credit facility with Coinbase for expansion and repricing.
You may also like
Gainers
Latest Crypto News
Ethereum briefly drops below $2,800
In the past 1 hour, there has been a total of $153 million in liquidations across the entire network, with long positions being the primary contributors to the liquidation cascade.
Strategy establishes a $1.44 billion Dividend Reserve Fund to pay dividends and debt interest
Suspected "1011 Insider Whale" accumulated 77,385 ETH in the past 2 hours
Berenstein: Crypto Company Fundamentals "Remain Strong," Current Bear Market Decline Shows Fundamental Differences
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：bd@weex.com
VIP Services：support@weex.com
App