Hut 8 announces $4.25B financing for Beacon Point
The Issuer priced 6.129% senior secured notes due 2042 to fund a 352 MW data center and substation in Nueces County, Texas; offering expected to close June 9, 2026.
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In short: Hut 8 expanded its AI infrastructure through multi-billion dollar lease deals in Texas and Louisiana while securing significant capital funding.
The Issuer priced 6.129% senior secured notes due 2042 to fund a 352 MW data center and substation in Nueces County, Texas; offering expected to close June 9, 2026.
Company signed a 15-year, $9.8 billion lease for 352 MW IT capacity; campus scalable to 1,000 MW and engineered to NVIDIA's DSX architecture.
The fully amortizing 16.5-year notes eliminate refinancing risk for the River Bend project.
The results will be released before market open on May 6, 2026, followed by a conference call at 8:30 a.m. ET.
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