The loan arrangement, which will mature 364 after the initial borrowing, will provide Hut 8 Mining with additional capital to be utilized for general corporate purposes, as well as its ongoing operations. "This credit facility gives us additional financial flexibility. At the same time, it ensures that we can maintain our dynamic Bitcoin treasury management strategy going into the halving," said CEO Jaime Leverton. As part of the credit facility agreement, Hut 8 Mining will initially receive a term loan of $15 million, which is expected to be funded shortly after the closing of the deal. The credit facility also includes the option for an additional delayed-draw term loan tranche of $20 million, which can be accessed between one and two months after closing. Furthermore, there is an option for a further delayed-draw term loan tranche of $15 million, which can be obtained within 15 business days after the completion of the merger between Hut 8 and U.S. Data Mining Group, Inc.