Hut 8 announced early repayment of approximately 38 million US dollars of outstanding loans

DailyNews

2024-10-02 13:23:08

BTC1,36%

According to official sources, BTC mining company Hut 8 has announced the conversion of the outstanding loan balance of its subsidiary and Anchorage Lending CA, LLC, which amounts to approximately $38 million, into ordinary shares of the company. According to the debt repayment protocol, Anchorage Digital has converted the outstanding loan balance of approximately $38 million into cash at a price of $16.395 per share of Hut 8 common stock. After the conversion, the outstanding loans and all other related obligations of Hut 8 and its subsidiaries have been satisfied.

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