Hut 8 Subsidiary Completes $4.25B Senior Secured Notes Pricing for June 9 Settlement

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

Proceeds will fund construction of a data center 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 a credit rating no lower than AA-. The notes are non-recourse to Hut 8's parent company.

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