Hut 8 Subsidiary Completes $4.25B Senior Secured Notes Pricing at 6.129%, Matures 2042

According to BlockBeats, on June 5, Hut 8's subsidiary Beacon Point DC LLC completed pricing of $4.25 billion senior secured notes at a coupon rate of 6.129% with maturity in 2042. Settlement is expected on June 9, 2026.

Proceeds will fund a data center construction on approximately 521 acres in Nueces County, Texas, featuring six data halls with total critical IT capacity of 352 megawatts. The facility will be leased to a tenant with credit rating not lower than AA-. The notes carry no recourse to Hut 8's parent company.

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