Hut 8 locks in $1B credit line, but faces 40% liquidity rules
Bitcoin miner Hut 8 announced on Sept. 28 that it had closed a four-year, $1 billion senior secured credit line. The facility gives the parent company room to borrow during site development and to back construction obligations with letters of credit. Its…
Strategy splits $603 million share sale between Bitcoin purchases and STRC support
Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, then split the proceeds among a renewed Bitcoin purchase, support for its STRC preferred stock, and additional cash. The company’s Aug. 31 filing attributed $369.7…
US treasury relies on stablecoins to fund short-term debt, but they can’t fix its $28B long-bond problem
Stablecoin demand is becoming consequential in the U.S. government debt market, but the maturity of that demand matters more than the headline total. Washington now has two debt-market stories running at once. The federal framework for permitted payment…
One mid-tier Bitcoin treasury just gambled its entire BTC reserve on a single 30-day reset price
PowerCompute, a Bitcoin treasury and mining company, added $3.765 million to its debt after an early Bitcoin collar reset involving 307 BTC. The executed schedule records the unwind cost as added principal rather than cash or USDC. The company’s Aug. 28…
Capital B’s €21 million Bitcoin raise comes with heavy warrant dilution risk
Bitcoin treasury company Capital B plans to raise €21 million and use the proceeds, along with operating funds, to buy another 270 Bitcoin. The immediate deal would leave the company’s stated measure of Bitcoin backing per diluted share almost unchanged,…
Bitcoin miner Sphere 3D faces $2.2M tariff claim equal to 77% of its cash
Crypto miner Sphere 3D said it could face approximately $2.2 million in supplemental US tariffs, before interest, on Bitcoin miners purchased in 2022 by a subsidiary it now owns. The company said in an Aug. 24 filing that US Customs and Border Protection…
A $22.9 million capital deficit threatens to derail an energy firm’s pivot to off-grid Bitcoin mining
Olenox Industries is an energy company that acquired Bitcoin miner CS Digital Ventures in May. It reported preliminary July production of 15.13 BTC against a June 30 balance sheet. The balance sheet carried $1.21 million of cash and $26.26 million of…
Bitcoin treasury Hyperscale sells 686 BTC to clear loans but says cash won’t cover next 12 months
In August 2026, Hyperscale Data sold approximately 686 Bitcoin for about $43.4 million, then used part of the proceeds to repay all of its Bitcoin-backed loans on Morpho, a decentralized lending protocol, according to its quarterly filing. The repayment…