Hut 8 Mining Corp.

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. shares T.HUT are trading up $0.37 at $5.07.