Bitcoin miner's stock drops despite landing $1.07 billion credit facility

Securing a $1.07 billion credit facility should be a massive win, yet Hut 8’s stock dropped the moment the deal closed. Even with a $9.8 billion lease anchor, the market is signaling that piling billions in debt onto a Bitcoin miner is a liability, not an asset. Investors are clearly skeptical of the "non-dilutive" narrative as the company aggressively leverages for an AI pivot. Is this massive debt stack a growth masterstroke or a dangerous gamble? What’s your take?
This summary was generated by AI