Hut 8 Subsidiary Completes $4.25B Senior Secured Notes Offering at 6.129%

According to Foresight News, Hut 8's subsidiary Beacon Point DC LLC completed pricing of $4.25 billion in senior secured notes with a coupon rate of 6.129%, maturing in 2042. Settlement is scheduled for June 9, 2026.

Proceeds will fund construction of a 352-megawatt data center on approximately 521 acres in Nueces County, Texas, featuring six data halls. The facility will be leased to a tenant with a credit rating of at least AA-.

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