{"id":72073,"date":"2026-05-05T08:58:47","date_gmt":"2026-05-05T08:58:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hut-8-taps-falconx-for-200m-facility-drops-rate-to-7-and-boosts-btc-access\/"},"modified":"2026-05-05T08:58:47","modified_gmt":"2026-05-05T08:58:47","slug":"hut-8-taps-falconx-for-200m-facility-drops-rate-to-7-and-boosts-btc-access","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hut-8-taps-falconx-for-200m-facility-drops-rate-to-7-and-boosts-btc-access\/","title":{"rendered":"Hut 8 Taps Falconx for $200M Facility, Drops Rate to 7% and Boosts BTC Access"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>Hut 8 secured a $200 million credit facility with Falconx at 7.0%, replacing its prior Coinbase agreement.<\/li>\n<li>The deal unencumbered 3,300 <span>bitcoin<\/span> worth $260 million on May 1, 2026, signaling lower industry debt costs.<\/li>\n<li>CEO Asher Genoot will use the increased <span>liquidity<\/span> to fuel growth in Hut 8\u2019s energy and compute infrastructure.<\/li>\n<\/ul>\n<h2>Unlocking <span>Bitcoin<\/span> <span>Liquidity<\/span><\/h2>\n<p>Hut 8 Corp. announced on May 4 that it has secured a $200 million <a href=\"https:\/\/news.bitcoin.com\/shakepay-enables-bitcoin-backed-lending-in-canada-after-amf-green-light\/\">bitcoin-backed credit<\/a> facility with digital assets prime brokerage Falconx, a move aimed at lowering the company\u2019s debt costs and increasing its liquid <span>crypto<\/span> holdings. The 364-day facility replaces a previous credit line with Coinbase Credit and carries a fixed interest rate of 7.0%.<\/p>\n<p>According to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/hut-8-advances-capital-strategy-with-refinancing-of-bitcoin-backed-credit-facility-302760903.html\" target=\"_blank\" rel=\"noopener noreferrer\">media statement<\/a>, the new deal represents a 200-basis-point reduction from the 9.0% rate under the prior Coinbase agreement. Hut 8 executives said the refinancing is part of a broader strategy to optimize the company\u2019s balance sheet as it <a href=\"https:\/\/news.bitcoin.com\/bitcoin-mining-margins-tighten-as-ai-pivot-accelerates-coinshares-says\/\">expands its energy<\/a> and digital infrastructure operations.<\/p>\n<p>\u201cOur capital strategy is designed to lower our cost of capital, reduce risk, and expand strategic flexibility,\u201d Asher Genoot, CEO of Hut 8, said in a statement. He added that the deal increases the company\u2019s \u201cunencumbered\u201d <span>bitcoin<\/span>\u2014assets not tied up as collateral\u2014which enhances financial flexibility across <span>volatile<\/span> market cycles.<\/p>\n<p>As a result of the new terms, approximately 3,300 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>, valued at roughly $260 million as of May 1, 2026, have been released from collateral requirements. These funds are now available for the company to use as general <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a>.<\/p>\n<p>The agreement includes several borrower protections, such as a \u201cno-rehypothecation\u201d covenant, which prevents Falconx from lending out the <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> Hut 8 has pledged as collateral. It also features a limited-recourse structure and fixed loan-to-value thresholds that protect the company from automatic \u201cratchet\u201d mechanisms if the price of <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> drops.<\/p>\n<p>Sean Glennan, CFO of Hut 8, noted that the cumulative reduction in interest rates has been as high as 450 basis points when compared to rates the company paid between late 2023 and early 2025.<\/p>\n<p>Falconx\u2019s Head of Credit, Craig Birchall, praised Hut 8\u2019s \u201cdiversified revenue streams\u201d and credit profile, calling the combination of institutional stability and digital asset scale uncommon in the current market.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"flex flex-col overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] md:hidden\">\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Bitdeer Dumps 943 BTC, Falls off the Bitcoin Treasury Rankings<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Singapore-based miner Bitdeer, led by crypto veteran Jihan Wu, has sold 943.1 bitcoin from reserves, completing a full liquidation of\u2026<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/bitdeer-dumps-943-btc-falls-off-the-bitcoin-treasury-rankings\/\">Read Now<\/a><\/div>\n<\/div>\n<div class=\"hidden overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] md:flex md:flex-row md:gap-3 lg:hidden\">\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitdeer Dumps 943 BTC, Falls off the Bitcoin Treasury Rankings\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img src=\"https:\/\/news.bitcoin.com\/images\/uploads\/bitcoin_news_newlogo.svg\" alt=\"Bitcoin.com News\" class=\"size-7\" loading=\"lazy\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Bitdeer Dumps 943 BTC, Falls off the Bitcoin Treasury Rankings<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Singapore-based miner Bitdeer, led by crypto veteran Jihan Wu, has sold 943.1 bitcoin from reserves, completing a full liquidation of\u2026<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/bitdeer-dumps-943-btc-falls-off-the-bitcoin-treasury-rankings\/\">Read Now<\/a><\/div>\n<\/div>\n<div class=\"hidden overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] lg:flex lg:flex-row lg:gap-4\">\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitdeer Dumps 943 BTC, Falls off the Bitcoin Treasury Rankings\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F02%2Feffferddd-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img src=\"https:\/\/news.bitcoin.com\/images\/uploads\/bitcoin_news_newlogo.svg\" alt=\"Bitcoin.com News\" class=\"size-7\" loading=\"lazy\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<div class=\"flex items-start gap-3\">\n<h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Bitdeer Dumps 943 BTC, Falls off the Bitcoin Treasury Rankings<\/h3>\n<p><a class=\"flex h-12 w-[180px] shrink-0 items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/bitdeer-dumps-943-btc-falls-off-the-bitcoin-treasury-rankings\/\">Read Now<\/a><\/div>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Singapore-based miner Bitdeer, led by crypto veteran Jihan Wu, has sold 943.1 bitcoin from reserves, completing a full liquidation of\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/hut-8-taps-falconx-for-200m-facility-drops-rate-to-7-and-boosts-btc-access\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Hut 8 secured a $200 million credit facility with Falconx at 7.0%, replacing its prior Coinbase agreement. The deal unencumbered 3,300 bitcoin worth $260 million on May 1, 2026, signaling lower industry debt costs. CEO Asher Genoot will use the increased liquidity to fuel growth in [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":72074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72073"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72073"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72074"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}