StocksMedium•4 November 2026•
1 min read
Hut 8 Secures $1.07 Billion Credit Line for AI Infrastructure Expansion
Key Facts
1Hut 8 secured a new US$1.07 billion revolving credit facility.
2The facility provides liquidity to support spending on the River Bend, Beacon Point, and West Texas sites.
Hut 8 secured a new US$1.07 billion revolving credit facility, Simply Wall St reported. The funding will be utilized to support capital expenditures at the River Bend, Beacon Point, and West Texas sites as the company accelerates its expansion into AI data center infrastructure.
The facility provides substantial liquidity as AI campuses move from the contracting phase to construction, potentially reducing the immediate need for equity issuance. HUT closed at $63.75 on November 3, 2026, having traded within a daily range of $55.16 to $64.58.