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Hut 8 secures a $200 million Bitcoin-backed loan with FalconX, significantly reducing debt servicing costs and freeing up 3,300 BTC. The new facility offers improved terms with a fixed interest rate of 7%, down from 9%.

PUBLIC · HUTMay 04, 2026

Amount Raised

$200 Million

Round Type

Debt Financing

MiamiFinancial ServicesSoftwareBlockchainCryptocurrencyMining

Investors

FalconX

Description

Hut 8 announced a $200 million credit facility with FalconX, replacing its previous lending arrangement with Coinbase Credit. This refinancing slashed its interest rate from 9% to 7%, freeing up approximately 3,300 BTC from collateral obligations. The new facility is structured with borrower-friendly protections and no-rehypothecation covenants. This move significantly reduces Hut 8's debt servicing costs.

Quick answer

Hut 8 raised $200 Million in a Debt Financing round, dated May 4, 2026. Investors: FalconX. Hut 8 is based in Miami, Florida, United States.

How much did Hut 8 raise?
Hut 8 raised $200 Million in a Debt Financing round on May 4, 2026.
Who invested in Hut 8?
FalconX is named as investors in this round.
What does Hut 8 do?
Hut 8 is one of North America's largest innovation-focused digital asset miners, supporting open and decentralized systems since 2018.
Where is Hut 8 based and how big is it?
Hut 8 is based in Miami, Florida, United States. Fundz records about 230 employees.
Who are the decision-makers at Hut 8?
Fundz holds 3 contacts at Hut 8, including the Director, People Operations & Talent. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Blockchain around the same time

Companies in the same sectors as Hut 8 that raised within 45 days of this round, from Fundz verified event records.

  • Architect raised $19M on May 27, 2026.
  • Circle Internet Group, Inc. raised $222M on May 8, 2026.
  • Renaiss raised $1.5M (Seed) on June 18, 2026.
  • CAP Labs raised $16M (Funding Round) on June 18, 2026.
  • Canton Network raised $335M (Funding Round) on June 16, 2026.
  • MNX raised $6.4M (Pre-Seed) on June 10, 2026.

Who to call at Hut 8, and when

A new round usually means Hut 8 is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Hut 8

Location

777 Brickell Avenue

Miami, Florida, United States

About

Hut 8 is one of North America's largest innovation-focused digital asset miners, supporting open and decentralized systems since 2018. With two sites located in energy rich Alberta and a third site in North Bay, Ontario Canada, Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined Bitcoin than any crypto miner or publicly traded company globally. Hut 8 is executing on its commitment to mining and holding Bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of Bitcoin's market direction. The Company's multi-pronged business strategy includes profitable digital asset mining, white-label high-performance compute hosting, as well as yield & income programs leveraging its Bitcoin held in reserve. Having demonstrated rapid growth and a stellar balance sheet, Hut 8 was the first publicly traded miner on the TSX and the first Canadian miner to be listed on The Nasdaq Global Select Market. Hut 8's team of business building technologists are believers in decentralized systems, stewards of powerful industry-leading solutions, and drivers of innovation in digital asset mining and high-performance computing, with a focus on ESG alignment. Through innovation, imagination, and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impacts for its shareholders and generations to come.

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Related People

3 contacts
Verified contactsAdriana M., Director, People Operations & Talent hidden hidden hiddenSee plans and pricing
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Hut 8 raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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