Hut 8 secures $330 million in credit financing to support its 1.5 GW capacity expansion plan

ChainCatcher news, cryptocurrency mining company Hut 8 has secured a total of $330 million in credit financing support, which includes a $200 million revolving credit facility from digital asset investment firm Two Prime, as well as a $130 million credit facility from Coinbase. The new funds are intended for a 1.5 gigawatt capacity expansion plan in the United States, with four large-scale infrastructures expected to be developed in Louisiana, Texas, and Illinois.