Hut 8 Secures $1.07 Billion Revolving Credit Facility

Sep 28, 2026
Hut 8 closed a $1.07 billion revolving credit facility to fund development and working capital needs, including collateral for data center sites.
Hut 8 Secures $1.07 Billion Revolving Credit Facility

Hut 8 Corp. closed a $1.07 billion, four year senior secured revolving credit facility, the company said in a press release. The facility provides committed capital for development and working capital needs without issuing equity.

Borrowings initially carry a margin of SOFR plus 175 basis points. The margin can range from SOFR plus 150 to 200 basis points based on Hut 8's ratio of consolidated debt to market capitalization.

The facility includes a $1.07 billion letter of credit sublimit for site development collateral, including grid interconnection deposits and obligations to utilities and equipment vendors. J.P. Morgan served as lead left arranger, bookrunner and administrative agent, while Citi, Goldman Sachs and Morgan Stanley were joint lead arrangers and joint bookrunners.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like Silicon Brief or Daily AI Brief.

Also, consider following us on social media:

AI Chips & Datacenters AI Brief AI Brief (X)
Free newsletter

Silicon Brief

Weekly coverage of AI hardware developments including chips, GPUs, cloud platforms, and data center technology.

Guide
AI interconnect and networking startups

AI interconnect and networking startups

29 private startups developing the chips, optical switches and memory fabrics that move data through AI infrastructure.

Whitepaper

Tensordyne Napier: What If One Rack Could Do the Work of Nine?

Tensordyne

This Tensordyne whitepaper presents Napier, an inference-focused AI processor and rack-scale system based on the company’s TDN Math logarithmic number system. It examines infrastructure requirements for large mixture-of-experts and agentic models, compares major inference architecture approaches, and details the TDN AIP processor, TDN72 pod, TDN Link fabric, and Napier Ultra configuration. The paper reports simulation-based performance, cost, and accuracy-validation results, including Tensordyne’s projected comparison of one Napier rack with a nine-rack Nvidia Rubin plus Groq deployment; the chip is reported as taped out and in fabrication.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.