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Emmanuel Musa

Hut 8 Prices $4.25B 6.129% Notes for 352MW Beacon Point AI Campus in Texas

Hut 8 priced $4.25 billion of 6.129% senior secured notes due 2042 to finance its Beacon Point AI data center development in Nueces County, Texas. The planned campus is designed for 352MW of critical IT capacity across six data halls, and Hut 8 said it will be leased to a tenant rated AA- or higher. The offering is set to close on June 9, 2026, with interest beginning Nov. 30, 2026 and amortization starting May 30, 2030.
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