Bitcoin miner Hut 8 announced on September 28 that it has closed a four-year, $1 billion senior secured credit line. This facility allows the parent company to borrow during site development and to back construction obligations with letters of credit. The agreement, which closed on September 24, also includes a minimum-liquidity covenant, requiring 40% of commitments to be held in liquidity before a defined stabilization date, and 25% afterward.