Stocks in Play: Hut 8 Mining Corp.

Friday, January 22, 2021

10:28 AM EST – Hut 8 Mining Corp. : Has finalized an equipment financing loan of $11.8 million U.S. from Rochester -based Foundry Digital LLC, a wholly-owned subsidiary of Digital Currency Group. Hut 8 will use all proceeds from this loan and provide a $2.9-million U.S. deposit to order 5,400 units of Whatsminer M30S bitcoin mining machines from MicroBT, adding 475 petahashes per second (PH/s) to its bitcoin mining capacity over the next six months. The equipment financing will be a 12-month term with an annual interest rate of 16.5%.The first batch of machines is scheduled to be running before the end of January. Hut 8 Mining Corp. (T.HUT) shares were up $0.37 at 5.07.

Stocks in Play: Hut 8 Mining Corp., Fri, 22 Jan 2021 10:30:03 EST

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