Canadian bitcoin mining company Hut 8 has secured up to $50 million in loans from cryptocurrency exchange Coinbase which includes a $15 million term loan and an option to draw an additional $20 million between one and two months later. Hut 8 will also be able to access another $15 million within 15 business days after completing the merger with Bitcoin Mining Company US. The loan is intended to fund the expansion of the company’s mining operations and infrastructure.
AI Sentiment: Positive
