Hut 8 prices $4.25B non-recourse notes to fund 352 MW Texas AI data center project
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Promote with Leviathan NewsHut 8's Beacon Point DC priced $4.25 billion of 6.129% senior secured notes due Nov. 30, 2042, with closing expected June 9. Proceeds fund six data halls with 352 MW of IT capacity plus a substation on a 521-acre Nueces County, Texas site leased to an AA- or better tenant. The important part for HUT holders is structure: the debt sits at the project level and is non-recourse to Hut 8, letting the miner scale AI infrastructure without directly loading the parent company with the obligation.
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- Hut 8 Prices $4.25B Notes to Build 352MW Texas AI Data Center (news.bitcoin.com)
- Hut 8 prices $4.25B Beacon Point project notes - Stock Titan (stocktitan.net)
- Hut 8 closes $4.25B investment-grade data center notes - Stock Titan (stocktitan.net)
- Hut 8 Closes $4.25 Billion of Investment-Grade Senior Secured ... (prnewswire.com)
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