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Facility

Shaurya Malwa
Crypto Trends

Ripple Extends $75M Credit Facility to Gemini as Exchange Pursues IPO

by admin August 19, 2025



Gemini’s long-awaited IPO filing drew fresh attention to payments giant Ripple, with the exchange disclosing a $75 million credit line from the company alongside a steep financial loss.

In documents submitted to the U.S. Securities and Exchange Commission (SEC) on Aug. 15, Gemini revealed a $282.5 million net loss for the first half, an almost seven-fold increase from the $41.4 million shortfall a year earlier. Revenue fell to $67.9 million from $74.3 million.

The filing puts Gemini, which plans to use the ticker “GEMI” on Nasdaq, in line to become the third crypto exchange to trade publicly in the U.S. after Coinbase (COIN), which debuted on Nasdaq in 2021, and Bullish (BLSH), the owner of CoinDesk, whose shares listed on the New York Stock Exchange a week ago.

Ripple’s role in the listing stood out. In the filing, Gemini said it entered a credit agreement with Ripple Labs in July granting access to up to $75 million in loans, with the option to extend the facility to $150 million if certain metrics are met.

Each drawdown must be at least $5 million and carries interest of either 6.5% or 8.5%, secured against collateral.

In addition, once borrowing surpasses the initial $75 million, requests can be denominated in Ripple’s dollar-backed RLUSD stablecoin. As of the filing date, however, no borrowings had been drawn under the facility

The credit deal with Gemini puts RLUSD directly in the mix as a settlement option for a major U.S. trading platform — an early indication that Ripple wants its stablecoin to compete alongside the two market leaders, Tether's USDT and USDC, issued by Circle Internet (CRCL).



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August 19, 2025 0 comments
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Crypto Trends

BTC Miner Boosts Credit Facility With COIN

by admin June 24, 2025



Bitcoin mining firm Hut 8 (HUT) said on Tuesday that it expanded its bitcoin-backed credit facility with Coinbase Credit to $130 million, up from $65 million.

The amended agreement also comes with a fixed interest rate of 9% versus the previous floating rate of between 10.5% and 11.5%. The maturity of the facility was extended to July 16, 2026.

“This facility has been an efficient source of capital on our balance sheet,” said Sean Glennan, Hut 8’s chief financial officer. “The combination of improved terms and collateral and borrower protections reflects our conviction that risk discipline is essential to building a resilient and efficient capital structure.”

Unlike many traditional loans, this one is secured by bitcoin holdings. Coinbase, however, is restricted from rehypothecating the collateral, a measure that limits counterparty risk. The credit line also includes a limited recourse clause, further shielding Hut 8.

The company said it will use the additional $65 million in capital to pursue expansion efforts.

HUT shares are higher by 7.7% on Tuesday alongside gains for most of the bitcoin mining sector.

Hut 8 operates a network of mining and data infrastructure assets across North America, with over 1,000 megawatts (MW) of energy capacity under management.



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June 24, 2025 0 comments
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cover art featuring the clearance of obstacles in Roadcraft.
Esports

How to find and recover the Abandoned Facility generator in RoadCraft

by admin June 2, 2025


Image via Saber Interactive

Be extremely careful when driving inside the Abandoned Facility.

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Published: Jun 1, 2025 07:45 pm

Roadcraft‘s disaster-struck environment forces you to scavenge for various resources to restore the habitat, and this requires some rare resources. One such rare resource is the generator that will allow you to restore power to the affected structures and facilities. This will be one of your primary tasks in the game as you start resuming functionality across the various industries.

However, finding and recovering the generator can be a bit tricky if you’re not sure about where to look for it. The generator is located at the Abandoned Facility POI on the map, and you will need to use your Object Scanner to find the generator once you reach the POI. We have the entire process covered for you, including the specific directions that you need to follow.

Here’s how you can find and restore the generator in Roadcraft at the Abandoned Facility.

Abandoned Facility in Roadcraft

Access the generator using the Object Scanner. Screenshot by Dot Esports.

The Abandoned Facility is located towards the southeast of the Forward Base that you first access during the starting stages of the game. However, once you make your way to the Forward Base from the Phosphate Plant, you will unlock a new regional area to your south, featuring the Orange Grove as well as the Pumping Station.

The Abandoned Facility is located inside the Pumping Station, and the easiest way to access it is by using the road connecting it to the Forward Base. Although the terrain isn’t the best, it is still a direct path that will save you time and effort.

Location of the Generator at the Abandoned Facility

Once inside the Abandoned Facility, you will need to use your Object Scanner to locate the generator. You should look towards the upper part of the building to locate a container sitting on the top floor of the structure. Once you have spotted the container using the Object Scanner, you will need to jump back into your car and start heading over to where the generator is stored.

Head over to the southwest side of the vicinity and drop the raised ramp to create a path for yourself. You will be able to spot this ramp as it is covered in black and yellow tape. After crossing the ramp, you will find two separate paths on your left, one of which leads to a wooden board via a ramp. This is the most ideal path that you should take.

Be very careful when setting the ramps. Screenshot by Dot Esports.

However, you will need to push the ramp down to connect it with the wooden board above, and you must do this very carefully, without breaking the ramp with too much force. Once you have secured this ramp, drive back down and carefully push the first ramp to create a bridge between the two. Be careful not to drive off the ledge or apply too much pressure while setting up the ramps.

Once the ramp bridge is ready, you will be able to drive to the generator and use your winch to attach it to the back of your vehicle. Once connected to your vehicle, you will have to spot a fourth wooden board towards your left.

Pushing this down will lead to another ramp into the Abandoned Facility’s quest area, and driving into this area will secure the first part of your quest, rewarding you with 1,200 XP and 2,520 cash. However, you must drive the generator back to the Phosphate Plant to claim the rest of the rewards from this quest.

Deliver the generator to the Phosphate Plant

Although there are direct roads connecting the Phosphate Plant to the Abandoned Facility in Roadcraft, the terrain, as well as the placement of obstacles and gates, can make it a bit difficult to navigate, especially in the early stages of the game. Once you get out of the Abandoned Facility, it is wise to drive on the road leading north towards the Phosphate Plant.

Improve the roads as you grow to ensure smooth transportation of resources. Image via Saber Interactive

There shouldn’t be any obstacles on this route except for when you finally arrive at the Phosphate Plant’s southern gate. This gate is closed from the start of the game and can only be opened from the inside using your car’s winch. So, in case this is your first trip through the southern gate of the Phosphate Plant, you will find it closed.

Head over through the northern gate at the facility and ensure to unlock the southern gate for any future trips that you might make in that direction. Given that this quest is a fairly early one in Roadcraft, there are quite a few things that you will get to experience for the first time, such as the Object Scanner, interactive obstacles, and environments.

For more on Roadcraft, check out our guides on all vehicles and their types.

Dot Esports is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more about our Affiliate Policy



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June 2, 2025 0 comments
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