Hut 8 Corp.
09/28/2026 | Press release | Distributed by Public on 09/28/2026 05:31
Hut 8 Expands Corporate Liquidity with $1.07 Billion Senior Secured Revolving Credit Facility (Form 8-K)
Hut 8 Expands Corporate Liquidity with $1.07 Billion Senior Secured Revolving Credit Facility
Committed bank liquidity expands funding capacity across the development lifecycle
MIAMI, September 28, 2026 - Hut 8 Corp. (Nasdaq, TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced the closing of a $1.07 billion four-year senior secured revolving credit facility (the "Facility").
The Facility strengthens Hut 8's parent-level liquidity and broadens access to capital as the Company continues to pursue an investment-grade corporate profile. The financing builds on Hut 8's track record of disciplined capital markets execution, including $7.5 billion of fully amortizing, non-recourse investment-grade project financing to fund development and construction at its River Bend and Beacon Point AI data center campuses.
Facility Highlights
| · | Provides immediate access to non-dilutive capital: The Facility provides committed capital at a drawn margin ranging from SOFR plus 150 to 200 basis points based on the Company's consolidated total debt-to-market-capitalization ratio, with an initial margin of SOFR plus 175 basis points at closing. Subject to customary conditions, borrowings can be drawn as needed and repaid without prepayment penalties. |
| · | Preserves financing flexibility: Committed liquidity for interim working capital needs allows Hut 8 to optimize the timing and structure of long-term financing. |
| · | Improves capital efficiency across the project lifecycle: The Facility's $1.07 billion letter-of-credit sublimit supports collateral requirements associated with site development, including interconnection deposits and obligations to utilities and equipment vendors, reducing the need to post cash collateral. |
Sean Glennan, CFO of Hut 8, said: "We are building a capital structure designed to scale with the business while giving us control over when, where, and how we deploy capital, flexibility that matters given the speed and capital intensity of AI infrastructure development. This Facility adds more than $1 billion of committed, non-dilutive bank liquidity at the parent level, giving us the ability to fund projects through development while we determine the optimal timing and structure for long-term, non-recourse financing as they de-risk. That approach helps us optimize our cost of capital, limit dilution, and continue building toward an investment-grade corporate profile."
J.P. Morgan acted as Lead Left Arranger and Bookrunner and serves as Administrative Agent. Citi, Goldman Sachs and Morgan Stanley served as Joint Lead Arrangers and Joint Bookrunners. The Facility was provided by a syndicate of 12 lenders.
About Hut 8
Hut 8 is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI, high-performance computing, and ASIC compute. The Company develops, commercializes, and operates industrial-scale energy and data center infrastructure through a power-first, innovation-driven approach. For more information, visit hut8.com.
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Hut 8 Corp. published this content on September 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on September 28, 2026 at 11:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]