Hut 8 Corp. has closed a $1.07 billion, four-year senior secured revolving credit facility led by JPMorgan Chase, providing non-dilutive parent-level liquidity for its AI data-center expansion and investment-grade corporate ambitions. The facility can be drawn, repaid and redrawn without prepayment penalties, with an initial borrowing cost of SOFR plus 175 basis points. It includes a $1.07 billion letter-of-credit sublimit for development collateral requirements. The Miami-based energy infrastructure company operates Bitcoin mining, AI data centers and cloud computing, and has also raised $7.5 billion in non-recourse, investment-grade project financing for its River Bend and Beacon Point campuses. Hut 8 shares traded around $94.52 on Sept. 28, about 6% below their level a week earlier, though they remained up more than 100% year-to-date.