CryptoBullishCoinDesk · 4h ago6/10
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Hut 8 swaps Coinbase loan for cheaper FalconX deal, slashing borrowing costs as it bets big on AI
Hut 8 refinanced its bitcoin-backed loan from Coinbase with a new $200 million facility from FalconX, reducing borrowing costs by 200 basis points. The 364-day deal reflects improving market conditions for crypto-backed lending and signals growing competition among lenders for institutional bitcoin collateral.
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