Hut 8 swaps Coinbase loan for cheaper FalconX deal, slashing borrowing costs as it bets big on AI

A new $200 million, 364-day bitcoin-backed facility replaces the Coinbase Credit arrangement, cutting debt costs by 200 basis points.

source https://www.coindesk.com/markets/2026/04/28/hut-8-swaps-coinbase-credit-line-for-cheaper-falconx-deal-slashing-borrowing-costs-as-it-bets-big-on-ai