Mining

Hut 8 FalconX $200 million bitcoin-backed refinancing — 450 basis points savings AI bet

Mining

Hut 8 Refinances $200 Million Bitcoin-Backed Loan With FalconX, Cutting Costs 450 Basis Points

Hut 8 replaced its Coinbase Prime credit facility with a $200M, 364-day FalconX bitcoin-backed loan at 7.0% fixed — down from 9.0% and 450bps below peak rates — while unlocking 3,300 BTC (~$260M) previously encumbered as collateral under the prior deal.

Mining

Hive Raises $115M, Keel Sells Paraguay Mine as Bitcoin Miners Pivot to AI Infrastructure

On April 22, Hive Digital raised $115M via convertible notes for GPUs, and Keel Infrastructure closed its Paraguay mining facility sale for $13M, funneling proceeds into HPC/AI pipeline build-out.