
Hut 8 Corp., one of North America’s largest Bitcoin miners, has announced that Anchorage Digital has converted the remaining $38 million of its outstanding loan into common shares.
The conversion was completed at $16.395 per share, representing a 51% premium over the 20-day volume-weighted average price through Sept. 26.
The move significantly enhances Hut 8’s financial flexibility as it pursues new growth opportunities in AI and mining infrastructure.
The conversion extinguishes all obligations related to the loan, providing Hut 8 with increased flexibility as it continues expanding into high-performance computing and AI hosting. The company will file further details in a forthcoming Form 8-K with the SEC.
The loan, which originated in February 2023, was secured by 21,000 Bitcoin mining machines as collateral. Initially, the loan had a 14% interest rate, which was reduced to 9% by June.
It was initially set to mature in five years, but the conversion to equity has allowed Hut 8 to eliminate the remaining balance early, further reducing its debt.
Diversification
Following the debt conversion, Hut 8 still carries approximately $290 million in debt, including $150 million raised in June 2024 to fund its expansion into AI data centers.
Despite this, the company’s reduction in leverage, along with its focus on AI hosting and mining infrastructure, places it in a stronger position to negotiate with potential partners and advance key projects.
Hut 8 has expanded its operations beyond crypto mining, recently launching a GPU-as-a-service program powered by Nvidia H100 GPUs in collaboration with AI developers.
The company’s long-term strategy aims to diversify revenue streams by incorporating AI infrastructure into its business model, further enhancing its resilience in the evolving digital asset space
Wow amazing blog layout How long have you been blogging for you made blogging look easy The overall look of your web site is magnificent as well as the content
order clomiphene without a prescription can you buy clomid pills buy clomid pill cost clomiphene for sale where to get clomid cost of clomid at cvs where buy generic clomid
I couldn’t turn down commenting. Well written!
I’ll certainly return to review more.
buy azithromycin 250mg pill – azithromycin order buy flagyl paypal
rybelsus buy online – semaglutide 14 mg without prescription order periactin 4 mg online
buy amoxicillin generic – purchase amoxicillin order combivent generic
order augmentin 625mg generic – atbio info buy acillin medication
oral nexium – https://anexamate.com/ buy esomeprazole online
medex buy online – https://coumamide.com/ buy cozaar pills
mobic for sale online – swelling buy generic meloxicam 7.5mg
prednisone online order – https://apreplson.com/ buy deltasone 20mg
buy erection pills – site erection pills that work
purchase amoxicillin online – https://combamoxi.com/ order amoxicillin
fluconazole price – site buy fluconazole 200mg pills
cenforce 100mg uk – purchase cenforce online purchase cenforce sale
buying generic cialis – click cialis online overnight shipping
centurion laboratories tadalafil review – https://strongtadafl.com/# reddit cialis
ranitidine 150mg uk – this order zantac without prescription
order viagra and cialis online – click viagra soft tabs cheap
This is the big-hearted of literature I rightly appreciate. https://gnolvade.com/es/fildena/
This is a theme which is in to my heart… Diverse thanks! Faithfully where can I upon the connection details an eye to questions? buy generic azithromycin over the counter
I’ll certainly bring back to read more. https://ursxdol.com/ventolin-albuterol/
This website really has all of the tidings and facts I needed about this participant and didn’t comprehend who to ask. https://prohnrg.com/
This is a theme which is forthcoming to my fundamentals… Many thanks! Quite where can I find the connection details for questions? pharmacie en ligne sans ordonnance cialis super active
More posts like this would create the online play more useful. https://ondactone.com/spironolactone/
Palatable blog you procure here.. It’s severely to espy high worth belles-lettres like yours these days. I truly comprehend individuals like you! Withstand guardianship!!
https://proisotrepl.com/product/toradol/
This website really has all of the information and facts I needed about this case and didn’t comprehend who to ask. http://wightsupport.com/forum/member.php?action=profile&uid=21400
purchase dapagliflozin online – https://janozin.com/# cheap dapagliflozin 10mg
xenical price – buy xenical pills buy xenical without prescription