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Trinity Capital Provides US$30 Million Equipment Financing to Hut 8 Mining


On December 30, 2021, Hut 8 Holdings Inc., a wholly owned operating subsidiary of Hut 8 Mining Corp. and one of the largest digital asset miners on the continent, entered into a US$30 million secured equipment financing term loan with Trinity Capital Inc.

The equipment financing provides Hut 8 with non-dilutive growth capital and was structured such that collateral support was limited to new MicroBT machines being installed at several Hut 8 sites. The loan is repayable over its three-year term and carries a 9.5% interest rate.

Cassels acted for Trinity Capital.

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