Bitcoin miner Hut 8 has secured an additional $15 million from a subsidiary of the United States-based cryptocurrency exchange, Coinbase, according to a Jan. 12 statement.
The miner revealed that the new deal represents an amendment and restatement of its previous $50 million credit facility with the cryptocurrency trading platform, bringing its cumulative credit portfolio to $65 million.
Last year, Hut 8 procured a $50 million credit facility from Coinbase, with an added provision for an optional $15 million term loan.
The BTC miner plans to use the newly acquired $15 million loan for general corporate purposes, mirroring the allocation of funds from the preceding financial arrangement. The new loans also carry the same interest rate as the previous ones.
“All amounts borrowed under the Credit Facility will bear interest at a rate equal to (a) the greater of (i) the federal funds rate on the date of the applicable borrowing, and (ii) 3.25%, plus (b) 5.0%.”
Hut 8 further explained that the loan is secured by its interest in an unspecified amount of Bitcoin held in Coinbase Custody, adding that the loan will mature 364 days after the date of the first borrowing.
New natural gas power plants
Meanwhile, Hut 8 recently obtained court approval from the Ontario Superior Court of Justice to acquire four natural gas power plants in Ontario.
The approval empowers Hut 8’s newly established Canadian subsidiary, BidCo, to execute the acquisition of a 40 MW facility in Kapuskasing, a 110 MW facility in Kingston, a 120 MW facility in Iroquois Falls, and a 40 MW facility coupled with a Bitcoin mining operation in North Bay.
Along with the approval, a novel funding arrangement is set to materialize between Macquarie and BidCo. Macquarie partnered with the miner to submit the bid for the North Bay Bitcoin mine.
This financial agreement will manifest as an operating lease facility, with Macquarie securing a 20% stake and Hut 8 retaining an 80% equity interest. The anticipated closure of this transaction is slated for Feb. 15, contingent upon the resolution of all pending litigation claims.
buy cheap clomid no prescription where can i get cheap clomid can i buy generic clomiphene tablets clomid pregnancy clomid pct where can i buy cheap clomiphene pill can i buy generic clomiphene tablets
More posts like this would force the blogosphere more useful.
Greetings! Extremely serviceable suggestion within this article! It’s the scarcely changes which wish make the largest changes. Thanks a quantity in the direction of sharing!
generic azithromycin – floxin 200mg pill cheap metronidazole 200mg
where to buy domperidone without a prescription – buy generic domperidone over the counter cyclobenzaprine over the counter
inderal for sale online – inderal pills methotrexate 5mg uk
buy augmentin 375mg generic – https://atbioinfo.com/ purchase ampicillin sale
esomeprazole price – https://anexamate.com/ buy esomeprazole 20mg generic
buy coumadin 2mg without prescription – https://coumamide.com/ buy cozaar 25mg for sale
meloxicam medication – mobo sin buy generic mobic 7.5mg
order prednisone 40mg pills – adrenal deltasone 20mg brand
buy ed pills canada – pills for ed buy ed pills tablets
amoxicillin oral – https://combamoxi.com/ purchase amoxil
where to buy fluconazole without a prescription – buy diflucan generic purchase forcan pill
cenforce 50mg drug – https://cenforcers.com/# cenforce where to buy
tadalafil without a doctor’s prescription – cialis generic 20 mg 30 pills cialis 20 mg from united kingdom
order ranitidine 150mg generic – https://aranitidine.com/ zantac 300mg uk
buy cialis shipment to russia – https://strongtadafl.com/ no prescription female cialis
This website absolutely has all of the bumf and facts I needed about this participant and didn’t positive who to ask. clomid como tomar
cheap viagra and cialis – 100 mg viagra pills how can i order viagra online
This is the kind of literature I positively appreciate. zithromax uk
More posts like this would create the online play more useful. https://ursxdol.com/synthroid-available-online/
This website exceedingly has all of the information and facts I needed there this case and didn’t comprehend who to ask. https://prohnrg.com/product/atenolol-50-mg-online/
I couldn’t hold back commenting. Well written! https://ondactone.com/product/domperidone/
The vividness in this serving is exceptional.
https://doxycyclinege.com/pro/topiramate/
I’ll certainly bring back to be familiar with more. http://sglpw.cn/home.php?mod=space&uid=563606
forxiga 10 mg us – forxiga for sale dapagliflozin 10 mg ca
order xenical online – janozin.com buy orlistat 60mg generic