Hut 8 Secures $1.07B Senior Secured Revolving Credit Facility
HUT has more than doubled off its 52-week low of $31.67.
Summary
A $1.07B senior secured revolving credit facility with a 12-lender syndicate led by JPMorgan has been closed, providing non-dilutive parent-level liquidity for AI data center development. As of September 24, no funds have been drawn under the facility.
Updated with a Bloomingbit report · What changed
Updates
· Bloomingbit — Hut 8 has not drawn any funds under the facility as of September 24.
- Starting at the end of March 2027, Hut 8 must initially hold liquidity equal to 40% of the total credit line, with that requirement later dropping to 25%.
- The facility's purpose is to expand Hut 8's artificial intelligence data center business and fund related infrastructure development.
- The credit facility agreement was finalized on September 24.
Key Events · Financing and Capital Events · HUT
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New · · Bloomingbit
Facility Purpose
The facility's purpose is to expand Hut 8's artificial intelligence data center business and fund related infrastructure development.
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Updated · · Bloomingbit
$1.07B Revolving Credit Facility Closed
A four-year senior secured revolving credit facility with JPMorgan as administrative agent and a syndicate of 12 lenders has been entered into, providing up to $1.07 billion in committed liquidity. The credit facility agreement was finalized on September 24.
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Updated · · Bloomingbit
Non-Dilutive Capital at SOFR + 175 bps
The initial drawn margin is SOFR + 175 bps, ranging from 150-200 bps based on the consolidated total debt-to-market-capitalization ratio. No amounts were outstanding at closing, and as of September 24, no funds have been drawn under the facility.
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Updated · · Bloomingbit
Liquidity Covenant Structure
The minimum liquidity covenant requires 40% of aggregate commitments pre-Stabilization Date, stepping down to 25% after, with equity cure rights available. Starting at the end of March 2027, Hut 8 must initially hold liquidity equal to 40% of the total credit line, with that requirement later dropping to 25%.
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$1.07B Letter of Credit Sublimit
The full facility amount is available as a letter of credit sublimit, supporting interconnection deposits and obligations to utilities and equipment vendors without posting cash collateral.
Analysis · HUT · Crypto Assets
A $1.07 billion four-year senior secured revolving credit facility led by JPMorgan has been closed, adding over $1 billion of committed, non-dilutive bank liquidity at the parent level. The facility carries a SOFR + 150-200 bps margin (initial 175 bps) and a full $1.07 billion letter-of-credit sublimit to support interconnection deposits and utility obligations. This materially strengthens funding flexibility as the River Bend and Beacon Point AI data center campuses are developed, complementing the $7.5 billion in project financing already secured. The minimum liquidity covenant (40% of commitments pre-Stabilization Date, 25% after) is manageable given the company's scale. As of September 24, no funds have been drawn under the facility.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1605 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HUT was trading at $95.20 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $11.9B. The 52-week trading range was $31.67 to $140.80. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.