Bitcoin miner Hut8Mining can draw up to $50 million in term loans in a new agreement with Coinbase Credit. egreechee reports
Hut 8's new credit facility is made up of a $15 million term loan"which is expected to be funded at or shortly following closing," an option to draw an additional $20 million between one and
two months later, and another $15 million within 15 business days after completing the merger with USBTC, the press release said.The U.S. Securities and Exchange Commission has accused Coinbase of
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