Loan & DebtJun 5, 2026, 07:41 AM
Hut 8 Subsidiary Prices $4.25B Senior Secured Notes at 6.129%
AI Summary
Hut 8 Corp.'s indirect subsidiary, Beacon Point DC LLC, priced a private offering of $4.25 billion in 6.129% Senior Secured Notes due 2042. The offering is expected to close on June 9, 2026. Proceeds will finance the development and construction of a 352-megawatt data center project in Nueces County, Texas, which will be leased to a high-investment-grade tenant. The notes are fully amortizing and non-recourse to Hut 8 Corp.
Key Highlights
- Hut 8's indirect subsidiary, Beacon Point DC LLC, priced $4.25 billion in Senior Secured Notes.
- The notes carry an interest rate of 6.129% and are due on November 30, 2042.
- Proceeds will finance a 352-megawatt data center project in Nueces County, Texas.
- The data center will be leased to a high-investment-grade tenant (rated AA- or higher).
- Notes are fully amortizing with semi-annual payments beginning May 30, 2030.
- The debt is non-recourse to Hut 8 Corp.
- The offering is expected to close on June 9, 2026.
Price Impact
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