Bitcoin-backed credit deal frees 3,300 BTC for Hut 8 Corp.

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Iryna Sazhynska

04.05.2026

Bitcoin-backed credit deal frees 3,300 BTC for Hut 8 Corp. — Hut 8 Corp. cuts debt cost

Hut 8 Corp. has announced the establishment of a new 200 million dollar Bitcoin-backed credit facility with FalconX. The move reduces the company cost of debt on Bitcoin-backed credit by 200 basis points and releases approximately 3,300 Bitcoin, with a market value of about 260 million dollars as of May 1, 2026.

This strategic financing provides Hut 8 Corp. with increased balance sheet flexibility and access to capital, unencumbering a significant amount of its Bitcoin holdings. The arrangement is expected to further strengthen the company liquidity position and financial agility as it continues to navigate the digital asset market.

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Hut 8 Corp. has recently cautioned that power constraints and policy shifts are making energy access more difficult for AI infrastructure projects. The company highlighted these challenges in a recent statement. The issue has influenced project locations as demand for computing power grows.

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