Hut 8 Closes $4.25 Billion Bond to Fund 352 MW Beacon Point AI Data Center in Texas

Hut 8 closed a $4.25 billion offering of 6.129% senior secured notes due 2042 through its wholly owned Beacon Point DC LLC subsidiary, with proceeds funding a 352-megawatt AI data center on a 521-acre site in Nueces County, Texas. The deal is the company's second investment-grade construction bond, priced at T+165 basis points, and is structured as non-recourse to the parent company. Amortization begins May 2030 with final maturity November 2042.