Hut8 subsidiary refinances $200M BTC loan with FalconX

A subsidiary of U.S. Nasdaq-listed Bitcoin mining firm Hut8 (HUT) has refinanced its BTC-collateralized loan from Coinbase Credit, switching to a 364-day, $200 million facility from FalconX. The move lowered the fixed interest rate from 9.0% to 7.0% and released approximately 3,300 BTC from collateral.