Coinbase Credit lends Hut 8 $50M to support Bitcoin treasury By Cointelegraph

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© Reuters.

The Canadian (BTC) mining company, Hut 8 Mining, has secured a credit facility from a subsidiary of the United States-based cryptocurrency exchange, Coinbase (NASDAQ:).

Hut 8 officially announced on June 26 that it entered a $50 million credit agreement with Coinbase Credit. The credit facility involved Hut 8’s subsidiary, Hut 8 Holdings, as the borrower.