Hut 8 Confirms $200M FalconX Refinance at 7%, Unlocks 3,300 BTC ($260M)

Hut 8 finalized its $200M Bitcoin-backed credit facility with FalconX on May 5 at a reduced 7% fixed rate, freeing ~3,300 BTC ($260M) from collateral and boosting liquidity amid BTC topping $80K. The deal, announced May 4, replaces a 9% Coinbase facility, cutting costs 200 bps and lifting shares ~1.5% while supporting AI infrastructure pivot. Earlier May 4, Capital B raised €1.1M ($1.28M) from Adam Back via 10M warrants, hiking his stake to 9.97% and shares +6.5% to grow its 2,943 BTC ($234M) treasury, signaling institutional BTC accumulation.